Midwest Cities Among 50 Hardest Hit by Increased Used Car Prices

Buying a used car in the Midwest got a little more affordable in May over the previous month.

The good news is that year-over-year price increases in used vehicles in May dropped seven percentage points from the year-over-year April price increases, from April’s 23.9% to May’s 16.9%. The bad news is a used car and truck in May 2022 still cost 16.9% more than a comparable used vehicle cost in May 2021.

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Bill Aims to ‘Triple-Tax’ Michigan Car-Sharing Industry

Renting out cars on Turo allowed Bill Huffhine of Rochester Hills to retire early.

But a bill package in the Michigan House could “triple-tax” the emerging peer-to-peer car-sharing industry, Huffhine said, and squash the thin margins that let him accelerate a one-vehicle side-hustle in 2018 into a 20-vehicle fleet.

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Missouri’s Auto Inspections Phased Out in Proposed Bill

Steering wheel of a Honda

After gradually reducing requirements for automobiles to pass a mechanic’s inspection before obtaining a registration, a bill in the Missouri state legislature would eventually end the program.

Currently, motor vehicles with more than 150,000 miles and 10 years from their manufacturing model year must pass a biennial safety inspection. House Bill 2499, sponsored by Rep. J. Eggleston, R-Maysville, changes the law to exempt motor vehicles with less than 150,000 miles and manufactured after Jan. 1, 2012.

During testimony on Wednesday before the House Downsizing State Government Committee, Eggleston said legislators in 2019 considered eliminating the inspection program but compromised instead and loosened requirements.

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