Used car bubble? Consumers paying $10,000 more than in a "normal" economy.
CBSN
Consumers are paying $10,000 more for to buy a used car than if the economy were "normal" and older vehicles were following the typical pattern of depreciation, according to a recent study from CoPilot, a car buying app.
The price premium for used cars rose to $10,046 above projected normal prices, according to a recent CoPilot analysis. The average used car price was $33,341 in June, although "nearly new" cars – those between one and three years old — rose 1% to an average list price of $42,314 in June compared with the prior month.
The analysis also found that the price of 1- to 3-year-old cars now fetch a record premium of $13,145 above "normal" prices.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.