why used cars are so expensive now ?

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https://www.theguardian.com › lifeandstyle › 2022 › jul › 22 › why-are-used-cars-so-expensive-now-we-ask-an-expert

https://www.theguardian.com › lifeandstyle › 2022 › jul › 22 › why-are-used-cars-so-expensive-now-we-ask-an-expert
Why are used cars so expensive now? We ask an expert
22 juil. 2022C ars are meant to depreciate in value as soon as you drive them off the forecourt. Yet prospective used car customers may have noticed something strange: prices are going up. I asked David…

https://www.businessinsider.com › why-are-used-cars-so-expensive-now-shortages-pandemic-rentals-2021-7?op=1

https://www.businessinsider.com › why-are-used-cars-so-expensive-now-shortages-pandemic-rentals-2021-7?op=1
Why used cars are so expensive now — and when prices may drop
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,…

https://nypost.com › 2022 › 02 › 16 › heres-why-used-cars-are-getting-so-expensive

https://nypost.com › 2022 › 02 › 16 › heres-why-used-cars-are-getting-so-expensive
Here’s why used cars are getting so expensive – New York Post
16 févr. 2022Soaring inflation is likely costing Americans an extra $276 a month Wholesale prices jump 9.7% in January, further evidence of red-hot inflation Retail sales rise faster than expected in January…

https://www.driveo.com › blog › why-are-used-cars-so-expensive-now

https://www.driveo.com › blog › why-are-used-cars-so-expensive-now
Why are Used Cars so Expensive Now? | Driveo
If you’ve been scratching your head wondering why it seems like used cars are so expensive now, you’re not alone. What you’re noticing is very real. One estimate puts the spike in used car prices at 42% higher compared to pre-pandemic conditions . Understanding what’s going on with used car prices isn’t hard, but it does require a brief refresher in economics and its laws of supply and demand, as well as a clear recognition of how closely intertwined are the markets for used and …

https://news.yahoo.com › why-used-cars-expensive-now-115800225.html

https://news.yahoo.com › why-used-cars-expensive-now-115800225.html
Why used and new cars are so expensive right now, explained in 3 charts
According to Edmunds, people are buying new cars for $278 above their suggested retail price on average. It’s a huge shift from before the pandemic, when paying $2,000-$3,000 below retail was…

https://www.thecoldwire.com › why-are-used-cars-so-expensive

https://www.thecoldwire.com › why-are-used-cars-so-expensive
Why Are Used Cars So Expensive? (Top 11 Reasons) – The Cold Wire
Larger cars and trucks mean there are more raw materials used in making each vehicle. After a car is one or two years old, those selling the vehicle will simply ask more when selling it. Therefore, used cars are now more expensive than ever. 6. Increase In High Tech Safety Features

https://www.fidelity.co.uk › markets-insights › personal-finance › personal-finance › why-are-used-cars-so-expensive

https://www.fidelity.co.uk › markets-insights › personal-finance › personal-finance › why-are-used-cars-so-expensive
Why are used cars so expensive? – Fidelity UK
Average used car prices in 2021 are up 28.6% from last year. According to Auto Trader, used car prices have seen five whole years of growth in just six months. And with buyers paying almost 29% more for the average car than they would have done in 2020, it means in real money they’d now pay £17,366 this year for the same car they’d have paid £13,504 for last year.

https://www.thecarexpert.co.uk › why-are-used-car-prices-so-high-2022

https://www.thecarexpert.co.uk › why-are-used-car-prices-so-high-2022
Why are used car prices so high and when will they come back down?
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 that car in the first place. Trade auctions have become feeding frenzies for car dealers, desperate to secure enough vehicles to meet customer demand.

https://thehustle.co › why-are-used-cars-so-expensive-right-now

https://thehustle.co › why-are-used-cars-so-expensive-right-now
Why are used cars so expensive right now? – The Hustle
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https://www.reddit.com › r › CoronavirusRecession › comments › owf1hh › why_are_used_cars_so_expensive_right_now

https://www.reddit.com › r › CoronavirusRecession › comments › owf1hh › why_are_used_cars_so_expensive_right_now
Why are used cars so expensive right now? : r/CoronavirusRecession – reddit
Because new cars are hard to get because of the chip shortage. It’s simple supply and demand. Puzzleheaded_Basil13 • yup you’re right TeaGuru • And the slow down of manufacturing because of no demand, then very high demand. Everyone in all manufacturing is playing catch up at best. We are seeing it in long lead times, low supply and higher costs.

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