by Bruce WalkerBuying a used car in the Midwest got a little more affordable in May over the previous month. The bad news is a used car and truck in May 2022 still cost 16.9% more than a comparable used vehicle cost in May 2021. Major cities in the Midwest are among those hardest hit by increased used car prices between May 2021 and May 2022. According to iSeeCars’ analysts, San Antonio had the smallest price increase at 5.4%, while New York had the greatest used car price increase at 28.3%. “While used car prices have seen minor decreases for the fourth consecutive month, prices remain elevated due to lingering supply constraints,” iSeeCars executive analyst Karl Brauer said in a statement.

Source: thestar July 04, 2022 10:21 UTC