{"id":1903014,"date":"2023-03-22T14:28:43","date_gmt":"2023-03-22T18:28:43","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/average-used-car-price-has-risen-by-700-in-largest-single-week-increase-since-2021\/"},"modified":"2023-03-22T14:32:06","modified_gmt":"2023-03-22T18:32:06","slug":"average-used-car-price-has-risen-by-700-in-largest-single-week-increase-since-2021","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/average-used-car-price-has-risen-by-700-in-largest-single-week-increase-since-2021\/","title":{"rendered":"Average used car price has risen by $700 in largest single-week increase since 2021"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faverage-used-car-price-has-risen-by-700-in-largest-single-week-increase-since-2021%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1903014&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_79500523\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">\n                <meta itemprop=\"name\" content=\"Excess CHIPS: GOP senators say Biden pushing unrelated agenda in semiconductor law\"><br \/>\n                <meta itemprop=\"description\" content=\"Companies will soon be able to bid on billions of government dollars intended to boost American semiconductor manufacturing, but the Biden administration will make them jump through a lot of hoops to land them. Any firm hoping to get some of the $39 billion on offer will need to provide child care, detail its relationships with unions, share profits beyond a certain threshold with the government, and purchase supplies from domestic producers, among other things.\"><br \/>\n                <meta itemprop=\"duration\" content=\"PT1M20S\"><br \/>\n                <meta itemprop=\"uploadDate\" content=\"2023-03-22 15:28:40\"><br \/>\n                <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1267244_th_641b20678b576_1679499367.jpg\"><br \/>\n                <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1267244.mp4\">\n            <\/div>\n<p>            <script type=\"text\/javascript\">\n                var _bp = _bp || [];\n                _bp.push({\n                    \"div\": \"Brid_79500523\",\n                    \"obj\": {\n                        \"id\": \"27789\",\n                        \"width\": \"16\",\n                        \"height\": \"9\",\n                        \"video\": \"1267244\"\n                    }\n                });\n            <\/script><br \/>\n            <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>\n        <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">U<\/span>sed <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/cars\" target=\"_blank\" rel=\"noopener\">car<\/a> prices were on a decline last year, but now they are expected to increase. Last month, vehicle prices saw a 4.3% increase, which is the biggest for the month of February since 2009, as per Manheim, a used car seller.<\/p>\n<p>In another report, conducted by Black Book, used car prices rose by 0.46% for the week that ended on March 11, the largest increase in a single week since November 2021, according to <i>USA Today.<\/i><\/p>\n<p>The average used car price has risen by $700 in the last four weeks, according to CoPilot data. It is now over $40,000. CoPilot&#8217;s CEO, Pat Ryan, said that cars bought by consumers in February were likely purchased by dealers in either December 2022 or January 2023, when wholesale prices were lower. However, the cars that consumers buy in March and April will be higher-priced to reflect the cost dealers paid for them in February.<\/p>\n<p>Despite the rising prices, some experts believe that consumers will continue to purchase used cars. With tax returns coming in, consumers can keep buying cars, according to Mike Trudeau, an executive at Montway Auto Transport.<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/energy-environment\/damaged-electric-vehicle-batteries-sustainability-problems\" target=\"_blank\" rel=\"noopener\">Inability to repair damaged electric vehicle batteries presents sustainability problems<\/a><\/b><\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\">Click here to read more from The Washington Examiner<\/a><\/b><\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Used car prices are going to increase this year after going down in the fall of 2022, as vehicle prices saw a 4.3% increase last month. The increase is the biggest for the month of February since 2009, according to Manheim, which sells used cars to dealers. In another report, conducted by Black Book, prices<\/p>\n","protected":false},"author":1,"featured_media":1903015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5161,12678,6830,8171,5476,4818,7145,14674,22492],"class_list":["post-1903014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-5161","tag-12678","tag-average","tag-car","tag-increase","tag-largest","tag-price","tag-risen","tag-single-week"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1903014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1903014"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1903014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1903015"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1903014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1903014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1903014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}