Why are used cars so expensive?

The Christian Science Monitor took a look at the state of the used car market in 2012 and came up with this analysis, explaining why used cars are so expensive.

The recession, which led to tighter inventories are partly to blame. So are higher prices for new cars. And there’s more behind the rise in used car prices. Read the story from CSM Business Editor Laurent Belsie by clicking here.

Kelley Blue Book also reported on this trend earlier this year – click here for KBB’s take on rising used car prices.

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