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Story summary
- CarGurus reported new-vehicle price rose to $50,400 in April and used-car price climbed to nearly $30,000, the highest since August 2023.
- Moody’s said the market now relies on wealthier buyers buying pricier trucks while CarGurus noted sub-$60,000 inventory fell 2% in April.
- AAA reported gasoline was $2.98 on Feb 28 and rose to $4.52, while CarGurus said 20% of April shoppers looked at new EVs and hybrids, with used EV sales rising 17%.
