Used Car Prices Increase Nearly Eight Percent to Hit Record High in Q2 2015, Says | Reuters

PR Newswire

SANTA MONICA, Calif., Aug. 20, 2015

SANTA MONICA, Calif., Aug. 20, 2015 /PRNewswire/ -- The average used car sold in the U.S. is getting younger and pricier, according to the latest Used Vehicle Market Report from car shopping destination According to the report, the trends suggest a shifting tide in used car inventories, which are skewing more toward newer off-lease vehicles and certified pre-owned (CPO) programs. Edmunds' analysis found that average used car prices hit a record high of $18,800 in the second qu