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Lenders caution buyers as used car prices drop | Rush Hour
Posted
October 25, 2022
Views
3,666
Likes
51
Comments
6
Engagement
1.55%
October 25, 2022
3,666
51
6
1.55%
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3:38Now PlayingThe cost of buying a used car has dipped to 7% this third quarter — the worst decline since the beginning of the pandemic, data compiled by vehicle-auction company, Manheim, reveals.
While low prices may sound appealing to people hoping to buy a used car, investors are ringing the alarm in fear that the country's struggling economy will ultimately lead to more repossessions.
#supplychain #cars #usedcars
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