Today’s Post by Joe Farace
The average used car list price in America at the end of November was $27,569. That’s 27% higher than in November of 2020. It’s a jaw-dropping 41% higher than in November of 2019, the last month before a COVID-19 was first detected and knocked the world’s economy off its tracks.—KBB
UPDATE: $29,011, is now the average used car price in the U.S., according to Edmunds.com. On the new car side, according to Edmunds, prices are around $46,000.
When are you getting a new car? It’s been three years this month since I sold my Mercedes-Benz CLA 250. Do I miss it? Somewhat, mainly because it was my car and I could drive it. But also, not really. But then there’s this…