Aug 21, 2018
What’s behind the used car sales boom?
Used car prices hit a record high this summer according to recent data from the business and research firm Cox Automotive. Economists there found car prices for July, which is usually a slow month, were up 5.1 percent from the same month last year. Why is this happening? Click the audio player above to hear the […]
by Renata Sago

Used cars are displayed on a sales lot on June 9, 2011 in San Rafael, California.
Justin Sullivan/Getty Images
Used car prices hit a record high this summer according to recent data from the business and research firm Cox Automotive. Economists there found car prices for July, which is usually a slow month, were up 5.1 percent from the same month last year. Why is this happening?
Click the audio player above to hear the full story.