Used car prices plunge 10.9% year-over-year: July CPI data

Yahoo Finance Video
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July's Consumer Price Index (CPI) report came in line with economist expectations, but a closer look reveals relief in the automotive sector. Both new and used car prices are experiencing a downward trend, with used car prices showing a notable 10.9% year-over-year decrease.

Yahoo Finance senior autos reporter Pras Subramanian breaks down the details, exploring the various factors contributing to the easing prices in the car market.

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This post was written by Angel Smith