Increased demand, combined with low-interest rates and a major semiconductor shortage, has caused prices of both new and used cars to skyrocket to the point that you might end up paying a new car price for its used counterpart. The price change is particularly noticeable with used cars that have suddenly gone from depreciation to appreciation.
The Associated Press (AP) reported that one two-year-old Toyota model with a $29,000 sticker price now goes for more than $33,000. Even dealers are willing to pay almost $1,000 more than…Why Used Car Prices Are Skyrocketing
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