New vehicles cost 27% more than in 2018. Used cars are up too.
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In this image made from video, cars drive through the used vehicle lot at a LaFontaine auto dealership in Fenton Township, Mich., Thursday, Jan. 28, 2021. New and used vehicles have gotten significantly more expensive in recent years. (AP Photo/Mike Householder)AP
Brian Dillon, 42, of Grand Rapids has been searching for his next vehicle for about three to four months.
When he last bought a car in 2016, he spent about $25,000 on a 2014 Chrysler 300 with low mileage. It’s been a reliable car, but having surpassed 152,000 miles, he was hoping to replace it with something newer.
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