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Looking to Buy a Used Car? Expect High Prices, Few Options

An El Cerrito, Calif., dealership in March displayed used cars, the market for which has seen tight inventories across the U.S. this year. PHOTO: JUSTIN SULLIVAN/GETTY IMAGES

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.

Click the link below to read the rest of this story.

https://www.wsj.com/articles/looking-to-buy-a-used-car-expect-high-prices-few-options-11620639000?mod=hp_lead_pos5

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