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3-year-old vehicle prices near Q2 record

Consumers turn to older cars, longer loans

Prices on 3-year-old used vehicles rose to the second-highest second quarter price on record, brought on by rising new-vehicle prices and tighter used inventory. The average transaction price (ATP) for the vehicles, also called “near-new vehicles,” rose 5.2% year over year in Q2 to $31,216, according to an Edmunds report published Aug. 12. The near-new […]

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