Reduced OEM output of new vehicles and other factors related to COVID-19 might have prompted the current skyrocketing used vehicle costs. However, a CCC analyst earlier this month said the gains might not lead to a flood of vehicles falling below the total loss threshold.
The Bureau of Labor Statistics on Friday reported that the consumer price index for everything rose 0.4 percent in August after a July that posted a 0.6 percent increase over June. The BLS said “a sharp rise in the used cars and trucks index was the largest factor.”
Throw out the impact of food