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New, used car prices soar, but here is how you can still get a deal


Young said he loves the car and he feels lucky he got his deal just in time, noticing a rise in new car prices. New and used vehicle prices are soaring and show no signs of leveling any time soon as inventories for each remain skimpy, analysts said.
Tight inventory equals high prices. The accelerating prices have created a divide between the haves and the have-nots for at least a year.  Wealthy people buy pricey large pickups and SUVs, benefiting from low interest rates and robust markets in housing and stocks, analysts said.
Working-class and poor people are pushed into the used car market as affordable new small cars are increasingly scarce, especially from domestic carmakers who opted to build trucks in recent years to meet changing consumer tastes. ....

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