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Data: Used car prices up 20.8% in Detroit

Data: Used car prices up 20.8% in Detroit
Chip shortage, pent-up demand drives car prices up nationwide
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Are you thinking about selling your car? Do it now!
But if you are looking to buy a used vehicle, good luck!
Here’s what’s going on .
Used car prices explode
Used car prices are
up 20.8% in the Detroit market over the past year. Nationally, used car prices have increased 16.8%, or $3,926, over the past 12 months, compared to most years when they remain constant.
In Metro Detroit, the data show the average used car price is up a staggering $4,482 compared to a year ago. That puts the Detroit market just out of the top 10 markets based on year-over-year price change: ....

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Carfax can help you find out what that used car is really worth

Carfax can help you find out what that used car is really worth
autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.

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Petrol and diesel car sales 'continue to boom' as used car market in 'strong' place

Trending
Data from January shows new sales of electric models were up 54.4 percent on last year with over 6,000 cars EV models leaving forecourts.
Sales of traditional models were down with diesel dropping 62.1 percent and petrol by over 50 percent.
The market share for traditional cars was still strong with petrol and diesel cars making up 62 percent of all sales.
However, this could suggest a divide between new and used cars as more turn to second-hand vehicle sites such as AutoTrader.
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Tom Leathes, spokesperson for Motorway.com said the used car market had remained strong.
He told Express.co.uk: “The used car market is strong and it s even strong right now in the middle of lockdown because dealers have changed their ways. ....

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