Author: Yahoo Finance

  Vehicle prices continued a downward trend in July — essentially the most of any major category within the Consumer Price Index (CPI) over the past 12 months because the automotive market continues its return to “normal” following pandemic-fueled inflation. Used automotive prices fell 2.3% over the prior month in July and 10.9% from the prior 12 months, data from the BLS revealed on Wednesday. Latest automotive prices fell 0.2% in July and 1.4% from the prior 12 months. In comparison with their peak in February 2022, prices paid for used vehicles are actually down 19.4%. Used automotive prices rose…