Used car prices have risen dramatically, on average nearly $3,000 higher than a year ago. How can you get a used car as cheaply as possible? We received useful tips from experts.
Two crises in particular have caused the price explosion in the used car market since 2020. The corona pandemic caused production downtime and supply chain problems for new cars, and microchips are still missing – also due to planning errors by car manufacturers. Buyers of classic new cars were forced to switch to (young) used cars, resulting in bottlenecks. The conflict in Ukraine and the resulting rise in energy prices compound the problem.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
