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Used Car prices have been high and seemed poised to keep moving ever-higher. At least until now... The increases in used car prices have taken a pause, but have not really moved that much lower.
Jerry Reynolds, Host of the Car Pro Show heard Saturdays on KTRH says that used car prices have not fallen that much, and that dealers are not reducing their inventories of used cars in fear of a significant drop in used car prices. Over the past several years, there have been supply chain issues that have made new car availabilities limited. And high new car prices and high interest rates mean used cars are a great option for many potential buyers.
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