Used car prices set to rise due to sustained inventory scarcity By Investing.com

The scarcity of used cars in the U.S. market, kept static between 2.2 and 2.3 million for four months, is set to drive up retail prices, following an increase in wholesale rates since late August. The number of unsold cars on U.S. lots fell by 8% year on year in October to around 2.26 million, equating to a 47-day supply at current sales…