Consumer Shift To Electric — Or High Prices Scaring Buyers Off? Used Car Index Shows Largest Decrease In 7 Months
According to consumer price index data provided by the U.S. Bureau of Labor Statistics (BLS) on Thursday, the used car and truck index showed a 1.1% decline, coming in at 7.2% following a 0.1% decline in August. This is the largest drop in the used car and truck index since March of this year.
