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Home Publications Blogs Beat the Press Record High Used Car Prices Reappear in USA Today

Record High Used Car Prices Reappear in USA Today

Wednesday, 18 May 2011 13:19

USA Today is now telling us that used car prices may not stay at their record highs. As I explained last week, we expect most items to be hitting record-high prices most of the time, since the economy is seeing moderate rates of inflation, not deflation. However, it turns out that we are not actually seeing record high car prices rights now, at least not according to the Bureau of Labor Statistics. The difference between the indexes referred to in the article and the index shown in the graph is that the Bureau of Labor Statistics adjusts for changes in quality.





Comments (1)Add Comment
written by Rosemary, May 30, 2011 12:11
Automotive world is raising there makes day by day and new makes and models are launching i think by the end of 2012 the graph will raise more then now
Used Cars in USA

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.