Record high new and used car prices continue in 2022

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Money and car keys
The last time we reported the average new car price in the middle of 2021, it had reached a record high. By the end of 2021, it had risen 10% more, according to a J.D. Power and LMC Automotive report published last week. Constrained supply, unmet demand, and high dealer markups continue to result in the unusual condition of record high new car...

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