New and used car prices are continuing to drop, according to the latest government inflation data released Wednesday morning. The bottom line? Consumers may be buying more cars.
For the month of July, consumer prices for new autos were down 0.1% compared to June and up 3.5% year over year, with the yearly figure coming down considerably compared to the prior month’s 4.1%. The used car market saw even more moderation, with prices down 1.3% for the month of July alone, and…
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