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The record-breaking rise in used-car prices is probably coming to an end — and with it a key driver of the recent spike in U.S. inflation. The bellwether of the industry — the wholesale market where dealers buy and sell in bulk — has already topped out and prices of individual secondhand cars should follow in a matter of weeks, said Zo Rahim, industry analyst at Cox Automotive. Cox owns Manheim, the biggest U.S. auction house selling millions of vehicles every year. Soaring prices for secondhand vehicles have helped push U.S. inflation to the highest in more than a decade. The cost of used cars and trucks climbed 10% in April, and another 7.3% in May when they were responsible for one-third of the overall rise in consumer prices.

United statesJerome powellHertz global holdings incEnterprise holdings incFederal reserveFed chair jerome powellConditions are unusualCox automotiveChanged their behaviorHertz global holdingsEnterprise holdingsஒன்றுபட்டது மாநிலங்களில்ஜெரோம் போவல்ஹெர்ட்ஸ் உலகளாவிய ஹோல்டிங்ஸ் இன்க்நிறுவன ஹோல்டிங்ஸ் இன்க்கூட்டாட்சியின் இருப்பு