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- Shopping for used cars gave U.S. residents one of the biggest sticker shocks of the pandemic, which created both a surge in demand and shortages of chips and other auto parts that curbed the supply of new cars.
www.marketwatch.com › story › how-the-pandemic-turned-used-cars-into-hot-commodities-11647016183
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Mar 14, 2022 · Shopping for used cars gave U.S. residents one of the biggest sticker shocks of the pandemic, which created both a surge in demand and shortages of chips and other auto parts that curbed the...
Sep 30, 2023 · Toyota. Used cars are still expensive, like they've been for years. Now a new factor is driving prices higher. Slow car production from 2020-2022 slammed the supply of lightly used cars...
Jun 24, 2021 · Pandemic demand for used cars have contributed to the recent spike in U.S. inflation. BY Alex Tanzi and Bloomberg. June 24, 2021, 7:53 AM PDT. The record-breaking rise in used car prices is ...
Jun 23, 2021 · Used vehicle price increases accounted for one-third of the large rise in inflation last month, according to the Labor Department. Prices shot up a record 10% in April and another 7.3% in May, as ...
Dec 27, 2022 · When used cars became a scarce commodity, trade-in values soared as dealers aimed to fill their empty lots.
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Jul 12, 2021 · The market for secondhand cars is absurdly and unprecedentedly hot right now. Used vehicles went for a whopping 40% more in June than they did before the pandemic in February of 2020, according to ...
Jun 29, 2021 · Industry News. It’s Not Just the Chip Shortage Causing Used Car Prices to Skyrocket. Used cars have hit the perfect storm for soaring prices—but how did this storm get created? By Wesley Wren...
