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Motor1
Motor1
Sport
Christopher Smith

Old Used Car Prices Are Spiking Because New Cars Are Too Expensive

Karl Brauer iSeeCars

News flash: Car prices are insane. The average new car price is close to $50,000, sending buyers into the used market. Unsurprisingly, that's driving the prices of used cars way up. And it's not just the lightly used segment that's skyrocketing. Old used cars are supremely expensive, too.

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