Consumer Price Index: Used car prices fell 2% in January

Some good news for those wanting or needing to buy a used car— prices are falling!

COLUMBIA, S.C. (WOLO)— Some good news for those wanting or needing to buy a used car— prices are falling!

But that’s not the case for new cars.

Here’s a look at what’s behind the price swings and why your insurance premium is likely going to go up this year.