Secondhand auto prices have hit a record as both new and preowned vehicles are harder to come by
By Nora Naughton
Wall Street Journal
A monthslong rise in used-car sales has left bargain-hunters with increasingly limited options on lots across the U.S.
The average price paid for a preowned vehicle hit a record of $25,463 in April, about $2,800 higher than in the same month last year, according to research firm J.D. Power. It also was the first time ever that the average used-car price had exceeded $25,000, the firm said.
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