Consumers are paying an average $10,000 above 'normal' prices for used cars, research shows
"Despite signs of a slowing economy, rising interest rates and high fuel prices, the used-car market is holding firm," said CoPilot CEO and founder Pat Ryan.
By contrast, vehicles that are 8 to 13 years old come with an average price of $18,038, or $5,416 more than the previously forecast $12,622. That category is the only age segment whose average price has been trending downward for several months.
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