Shoppers stunned by used car prices lately are not imagining things. Rather than doubting your memory of cheaper days, the hard data backs you up, showing that prices for pre-owned vehicles have surged dramatically over the past six years.
A combination of supply shortages, inflation, and shifting demand has reshaped the used market. For buyers hoping to find a bargain, the figures confirm an uncomfortable reality: the days of affordable secondhand cars have largely faded.
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