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Surprise Used-Car Price Jump Adds to Fed’s Inflation Worries A surprise jump in used-vehicle prices last month is adding to US car buyers’ frustration and has the potential to dent hopes inflation is headed lower even as the Federal Reserve hikes interest rates.

That's a good one.

How Carvana went from a Wall Street top pick to trading with meme stocks Carvana has gone from Wall Street's preferred used car retailer to trading like a meme stock amid cost-cutting measures and layoffs.

Sales of new cars, meanwhile, have been tumbling a mirror image of prices. In August, new vehicle sales in the U.S. fell nearly 18%, mainly because of supply shortages. Not counting the drop in 2020, August's "pace of sales is the lowest since late 2011 during the recovery from the Global Financial Crisis," Oxford Economics' Mahir Rasheed wrote in a research note.

Chip shortage likely to keep car prices sky-high through 2023 Prices for new cars in the U.S. have set records for four months in a row and are now 8% higher than a year ago.