Used car prices are up by over 40% from last year

While travel in general is getting more expensive, used car prices are really skyrocketing.

shows the average price for used cars and trucks jumped by 40.5% from January 2021 to January of this year.

Numbers from the U.S. Bureau of Labor Statistics also show more people are buying used cars, and the prices rose faster than the inflation rate. Numbers from the U.S. Bureau of Labor Statistics also show more people are buying used cars, and the prices rose faster than the inflation rate. Those who have their eye on a new car still will have some sticker shock. Prices of new vehicles are up around 12%, averaging around $46,000.Overall travel is just pricier. Gas prices are up 40%, averaging around $3.50 a gallon.Copyright 2022 CNN Newsource. All rights reserved.

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