Used car prices are up, and the repo man is back

Based on government surveys, prices for used cars and trucks rose 43% in June from August 2020, when they first started to jump. For new vehicles, prices rose 17% over the same period. Dreamstime/TNS

Healthcare worker Cleveland Wishop landed at Baltimore-Washington International Airport last fall expecting to retrieve his car from long-term parking and drive home.

It never crossed Wishop’s mind that he had fallen into one of the economic traps stemming from the COVID-19 pandemic.

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Tribune Wire

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(2) comments

Travis Bickle

Used Car Prices are dropping - Repoman is busy - Economy heading down the drain! Cars will be a plenty in the next 3-6 months!

HotelMike

Thanks Biden

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