If you were hoping car prices might have become more reasonable in the new year. Think again.
In the last few months used car prices have gone up more than 20 percent and it may be months before we see any change.
Nathan Hecht is the Founder and CEO of Rodo, an online marketplace to buy or lease new or used vehicles. He said there are two main reasons for the price increases. First, COVID-19 hit.
"COVID shut down supply chains for a significant period of time very early on and it never really caught up," he said.
The second has to do with consumer demand.
Негізгі бет Here's when new, used car prices might go down
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