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Business Highlights: Use-car Prices, Debt Limit Debate

For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take and then wandering right off the lot. Prices had rocketed more than 40% since before the coronavirus pandemic began to an average of nearly $25,000. But now, a sliver of hope has emerged. The seemingly endless streak of skyrocketing used vehicle prices appears to be coming to a close. Not that anyone should expect bargains. Though average prices for cars, trucks and SUVs are gradually declining, theyll likely remain near record levels. ___ - via

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