Used Car Inflation! Prices Up 50% in 2021

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Used car prices have increased more than 50% in 2021. Historically, used cars decrease in value. You know the old saying about buying a new car? “The moment you drive off the lot, it’s worth 20% less.” Well, in today’s crazy market, the moment you drive a new car off the dealer’s lot it might actually be worth 20% more, YAA reports!

The ongoing chip shortage and undersupply of new vehicles are driving used car prices higher.

Until new car inventories rebound to pre-pandemic levels, we’ll see elevated used car pricing.

People looking to turn in their leased cars should instead sell them for profit.

The cheapest cars are up 50%.

Watch:

 

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GuvGeek
3 years ago

The Government doesn’t want a mobile society. It needs to keep everyone in their place. That’s why the Government is pushing short range electric cars.

Bob Barker Says the Price Is Wrong
3 years ago

Get them while you can because the comrades want no mobility for deplorable kulak untermenschen as part of the control grid matrix Slavestate. A new vehicle is $40,000 with next to no features and the Fjnord dealer sent out a letter stating $800 off on a new car, so what is that leave out the radio or air conditioning? Craving… Read more »