Car Dealer Markups Helped Drive Inflation, Study Finds
Markups on new cars were a key force behind the current bout of inflation, according to new research published this month.
Those extra dealer profits contributed between 0.3 and 0.7 percentage point of the nearly 16% rise in the consumer-price index between the end of 2019 and the end of 2022, a study published in a U.S. Bureau of Labor Statistics journal found.
Markups on new cars were a key force behind the current bout of inflation, according to new research published this month.
Those extra dealer profits contributed between 0.3 and 0.7 percentage point of the nearly 16% rise in the consumer-price index between the end of 2019 and the end of 2022, a study published in a U.S. Bureau of Labor Statistics journal found.
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