Americans Can’t Afford This Necessity

It now appears that used car prices are once again on the rise again after a few good months of decline.

According to Fox, wholesale used car marketplace Manheim has found that the cost of used cars has increased by 0.7% in May.

Typically, Wholesale costs of used vehicles dictates the direction retail prices of used vehicles will be in about 6-8 weeks. This cost hike in used car prices comes as gas prices reach an all time high making travel in general drastically worse.

Used car prices are up for a number of reasons including one the mass shortage of new car inventory due to the supply chain crisis.