HardwareCarScoopsabout 4 hours ago
8 Million Missing Cars Drive Up Used Prices
3 min read
Approximately 8 million fewer vehicles were built for the US market during COVID-19 production shutdowns. That shortage now hits the used market, making late-model used cars more expensive. US new car sales remain below the 17.55 million sold in 2016, with 2025 expected between 15.8 and 16.3 million.
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