Here are the top best Why are used cars so expensive right now voted by readers and compiled and edited by our team, let’s find out
Table of Contents
1 Buyers lose hope, dealers get by with less but make more. Is this the new used car market?
- Author: deseret.com
- Published Date: 12/08/2021
- Review: 4.86 (847 vote)
- Summary: · But Bennee says sellers are not unscathed. They’re coping with the growing stresses of limited inventory, a problem with no clear end in sight
- Matching search results: But Bennee says sellers are not unscathed. They’re coping with the growing stresses of limited inventory, a problem with no clear end in sight as manufacturer output remains slow amid a continued shortage for inputs like computer chips, which …
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2 Why are used cars so expensive now? We ask an expert
- Author: theguardian.com
- Published Date: 06/03/2022
- Review: 4.74 (226 vote)
- Summary: · David Bailey, professor of business economics, says Covid, a chip shortage and the war in Ukraine are behind the unprecedented price rises
- Matching search results: How is this going to affect our societal shift away from cars?Right now, we have high petrol prices, cars going up in price and expensive insurance for young people. So there is a question mark about whether they want a car when they can simply hop …
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3 Why Are Used Cars So Expensive Right Now?
- Author: getjerry.com
- Published Date: 12/21/2021
- Review: 4.58 (585 vote)
- Summary: · Why are used cars so expensive? · Supply chain crisis · Inflation · Not enough new fuel-efficient cars to meet demand
- Matching search results: How is this going to affect our societal shift away from cars?Right now, we have high petrol prices, cars going up in price and expensive insurance for young people. So there is a question mark about whether they want a car when they can simply hop …
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4 Why are used cars so expensive right now?
- Author: carputty.com
- Published Date: 02/15/2022
- Review: 4.34 (485 vote)
- Summary: Wondering why used cars are so expensive right now? Learn about what’s affecting the used car market in this blog from Carputty
- Matching search results: All the news about limited supply and high demand is also driving more interest in the used car market, with demand closing in on double what it was last year. That means higher prices, longer waits, and limited opportunities once a vehicle pops up …
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5 Why are used cars so much more expensive?
- Author: ageas.co.uk
- Published Date: 05/06/2022
- Review: 4.03 (260 vote)
- Summary: · The main reason for the sharp rise in the price of used cars is connected to a global shortage of microchips[2]. These chips are a key component
- Matching search results: The lack of microchips has restricted the supply of new cars, with many car manufacturers quoting months-long waits for new models[3]. Similarly, shortages of other materials, such as copper, aluminium and cobalt, have also slowed the rate of …
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6 Heres why used cars are getting so expensive
- Author: nypost.com
- Published Date: 01/19/2022
- Review: 3.82 (326 vote)
- Summary: · The higher prices are fueled by a global computer chip shortage, increased labor and production costs, as well as supply chain delays. View of a
- Matching search results: The lack of microchips has restricted the supply of new cars, with many car manufacturers quoting months-long waits for new models[3]. Similarly, shortages of other materials, such as copper, aluminium and cobalt, have also slowed the rate of …
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7 Why used cars are so expensive now — and when prices may drop
- Author: businessinsider.com
- Published Date: 04/14/2022
- Review: 3.62 (596 vote)
- Summary: · The insanity all comes down to simple economics: demand for used cars far outweighs their supply, pushing prices higher and higher. But the
- Matching search results: Moreover, with new-car prices through the roof, people are holding onto their aging vehicles longer instead of trading them in, cutting off the flow of cars onto the used market. For the same reason, they’re opting to buy their leased vehicles at …
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8 Why are cars so expensive now? A look at the reasons behind the skyrocketing prices and ballooning auto loans
- Author: grid.news
- Published Date: 07/29/2022
- Review: 3.44 (245 vote)
- Summary: · Why are cars so expensive now? A look at the reasons behind the skyrocketing prices and ballooning auto loans. · Car prices are skyrocketing
- Matching search results: “When there were new cars, dealers would charge people, and people would pay, thousands of dollars over the MSRP simply because there weren’t enough cars on the market,” said Pamela Foohey, a law professor at Yeshiva University’s Cardozo School of …
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9 Why are used cars so expensive? What has caused a new car shortage and when will prices fall?
- Author: cardealermagazine.co.uk
- Published Date: 09/06/2022
- Review: 3.24 (469 vote)
- Summary: · It’s basic economics – high demand equals high prices. That doesn’t mean all dealers are blindly rising prices to make a quick buck, but the
- Matching search results: How long is a piece of string? When the semiconductor crisis kicked off in early 2021, it was thought the car industry would get back on track by Christmas. But that prediction was way out because, as of summer 2022, industry experts believe …
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10 Why are used cars so expensive right now?
- Author: ratecity.com.au
- Published Date: 05/10/2022
- Review: 3.03 (588 vote)
- Summary: · Why have used car prices risen? · Supply: Longer wait times for fewer vehicles · Demand: COVID-19 affecting consumer behaviours
- Matching search results: Demand for vehicles surged in Australia over the course of the COVID-19 pandemic. Fewer Australians felt comfortable about taking public transport, while lockdowns and travel restrictions meant that more Australians took holiday road trips rather …
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11 Why are used car prices so high and when will they come back down?
- Author: thecarexpert.co.uk
- Published Date: 02/28/2022
- Review: 2.84 (107 vote)
- Summary: · Other than a lack of discounting, the main reason you’re paying more for a used car right now is that the dealer is having to pay more to buy
- Matching search results: Demand for vehicles surged in Australia over the course of the COVID-19 pandemic. Fewer Australians felt comfortable about taking public transport, while lockdowns and travel restrictions meant that more Australians took holiday road trips rather …
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12 Why are used cars so expensive right now?
- Author: vox.com
- Published Date: 04/09/2022
- Review: 2.86 (165 vote)
- Summary: · Demand for used vehicles has risen so much that dealers are reportedly running ads and calling up car owners, according to the New York Times
- Matching search results: As 2021 approaches, however, Caldwell predicted that used car prices will fall slightly: “There’s a finite period of time towards the end of the year when the model becomes one year older. So I’d imagine prices would briefly drop.” Even in a …
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13 How to Buy a Used Car in This Tough Market
- Author: consumerreports.org
- Published Date: 06/13/2022
- Review: 2.78 (141 vote)
- Summary: · Used-car prices are surging, thanks to strong demand and a shortage of new cars, and higher prices are driving inflation
- Matching search results: Compromise to a degree. If you have to buy an older car or something other than what you had originally wanted, some of the features you seek may have been more scarce or unavailable when the car was originally manufactured. Decide which features …
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