Used car prices slip, bucking inflation trend

The big picture: The Consumer Price Index showed headline prices up 7.9% compared to the prior year, the fastest increase since 1982.

• Used cars and trucks were a major driver of last year's sky-high inflation, as disruptions to auto-making — yes, it's supply chains again — kept new cars from making it onto lots.
• Frustrated buyers turned to used cars instead, driving up demand. The surge in used vehicle prices over the last year is still an eye-watering 41.2%.

Yes, but: While the February dip signals that bottlenecks may have been thawing, the supply chain could always seize up again as a result of the war in Ukraine, which has upended global commodity markets.