Prices of used cars:
https://www.cargurus.com/Cars/price-trends/
...you can select the start date for the chart as early as August of 2010. Price increases starting in late 2020 don't look illusory to me.
https://www.cargurus.com/Cars/price-trends/
...you can select the start date for the chart as early as August of 2010. Price increases starting in late 2020 don't look illusory to me.
In regard to car prices, I would say that the prices themselves contribute to the inflation statistics, but they are not caused by inflationary pressure.