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U.S. Car Prices Have Passed Their Peak, Sellers Say

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The record surge in U.S. auto prices -- which helped drive inflation to a four-decade high -- may finally be over, say two firms that sell cars online.

Used-car prices, which have risen at an annual rate above 50% at times during the pandemic, went into reverse last month, according to a new report from CoPilot, a car-buying app. They peaked in the two weeks after the Christmas holiday, and have since declined about 1.4%, the firm’s data show.