Used Car Prices Are Down 8.8% From a Year Ago. Should You Buy One?

Used Car Prices Are Down 8.8% From a Year Ago. Should You Buy One?

Image source: Getty Images If you're in the market for a new vehicle, expect to pay more for it. Due to an ongoing chip shortage, new cars are still only available in limited quantities. And any time there's not enough supply of a given product, its price tends to surge.