The price and value of used cars on the rise with new car inventory down

Video Credit: KOAA - Southern Colorado
Published on May 20, 2021 - Duration: 01:49s

The price and value of used cars on the rise with new car inventory down

If you're looking to buy or sell a car before the summer road trip season you'll want to be prepared for a shortage of new vehicles and skyrocketing used car prices.

News 5 takes a deep dive into the car shopping market.


The price and value of used cars on the rise with new car inventory down

There are less new cars, bpeople looking to buy a caactually caused used car vits, why, the experts sayto do your homework on anynow.

A major factor in allof microchips.

Also knownCameed by the pandemic andAsia where the chips are mto run steering systems, Belectronics and even car kmeans new cars simply can'the numbers were used to pin this business for 40 plhave no idea what's comingwe can do is understand whthe values have gone throuhere's an example of whatthe value on a used 2018 Gcab.

These are kelley Bluehave gone up three separatfew weeks.

But what if youa vehicle in the next fewsay these are some thingsin mind first with limitedprices.

Make sure you do ybe prepared to act quicklysearch radius.

You may havcar in another city or comworking with a dealership,ask yourself is the timingright for you?

There may band waiting a little whilepurchase.

If you're lookinand even businesses that cI posted links to some ofour website.

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