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News•by Staff•October 29, 2021

Demand Pushes Up Prices, as Depreciation Increases

High demand amid limited new vehicle inventory has driven up used vehicle prices. But it’s also impacting the rate their values are depreciating.

News•by Staff•September 30, 2021

Average Age of Vehicles on the Road Increases

IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.

News•by Staff•June 3, 2021

Used Vehicle Prices Skyrocket as New Vehicle Inventory Wanes

Wholesale used vehicle prices have increased 37% over the past 20 weeks and used retail prices rose 15% since the end of 2020.