Used car prices are going up: Here's a look at why

Are you in the market for a used car? If so, you might be feeling the pinch in your wallet as prices have been steadily rising. So why are used cars getting more expensive? According to a recent article, there are several factors at play. For one, the pandemic has caused a shortage in the supply of new cars, which in turn, has led to an increase in demand for used cars. Another reason is that more people are opting for personal transportation over public transportation due to the continued risk of exposure to COVID-19. Additionally, the decreased availability of rental cars has driven people to buy used cars instead. Finally, the increase in demand for SUVs and trucks has driven up the prices of these types of vehicles specifically. All of these factors have contributed to an increase in used car prices that may be here to stay for the foreseeable future. If you’re in the market for a used car, it’s important to do your research and be prepared to pay a premium price. With the current state of the automobile market, it may be difficult to find your dream car for a bargain price. This article serves as a great reminder of how the pandemic has impacted various industries and how it continues to affect consumers in unexpected ways.