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The Bureau of Labor Statistics (BLS) has published the used car price index sinceDecember 1952 as part of the Consumer Price Index (CPI). As its 48th birthdayapproaches, the used car price index merits a timely review for at least two reasons. First,compared to the new car price index, the used car price index is akin to an ignoredstepchild, receiving less scrutiny but deserving of more attention. Second, there arenagging doubts and misgivings within the BLS about accuracy of the used car priceindex.