Why used car prices have soared 26% during the pandemic
Why used car prices have soared 26% during the pandemic
Looking for a used car?
Get ready for some sticker shock. The microchip shortage has slowed production of new vehicles, funneling buyers instead to pre-owned cars, trucks and SUVs, and prices have risen significantly as a result.
The inventory of new vehicles in California is down 75%, according to Jessica Caldwell, Edmunds’ executive director of insights, who recently surveyed dealerships across…