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Used Car Are Prices Up 42 Percent in One Year, Have They Finally Peaked?

BY MISH

 

Car prices new and used have been on a tear. What’s going on?

Flashback March 11, 2021

Please recall Biden Signs $1.9 Trillion Covid Relief Bill.

Key Points 

  • President Joe Biden signed the $1.9 trillion coronavirus relief package on Thursday afternoon.
  • The plan, his top priority as president, sends direct payments of up to $1,400, extends a $300 per week unemployment insurance supplement, expands the child tax credit and puts funds into vaccine distribution.
  • Democrats passed the legislation on their own in Congress, as Republicans question the need for a major stimulus package while the economy improves.

Unprecedented Jump in Used Car Prices

 

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