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If you’ve been shopping for a used car lately, you’ve probably noticed that sky-high gas prices have increased the cost of used hybrid and electric vehicles. While used vehicle prices increased 16.9% overall in May over the same time last year, EV prices jumped even more by 37.7%, and hybrids climbed by 32.1%.
So, if you’re looking for an inexpensive car right now, a traditional gas-powered vehicle might be the way to go. There are still relatively affordable new and used conventional cars available, especially if you’re willing to settle for a compact or subcompact model.
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