Used Vehicle Prices Through The Roof

Used Car Prices

With the recent supply chain crisis and inflation taking off, the prices of used vehicles is taking the analysist by surprise, as outlined by axios:

Anyone who’s shopped for a car this year knows that new ones are hard to get and used ones have gotten way more expensive. And we know why: There’s a global shortage of all the computer chips modern-day cars require.

But October’s used car price growth still managed to shock even the experts.

The latest: The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month. That puts the index 38% higher than a year ago — compared to “just” 27% for the same stat in September.

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