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Used Cars Are Now Selling For More Than New Cars

If you have a used car you don’t need, sell it now!

As if the year 2020 weren’t bad enough for many of us, 2021 appears to be far worse. At least when it comes to buying your next car. Thanks to record shortages of new vehicles, many used cars are selling for more money than their exact new car counterparts.

The average used car is now nearly 30 percent more expensive than it was last year right before the lockdowns. Used car prices have also increased 1.7 percent in each of the last three weeks according to Cox Automotive, which tracks over six million vehicles a year at wholesale dealer-only auctions. For the full story, check out this article from Motor 1.

Link To Article

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