Why Used Car Prices Are High — Millions Of Cars Are Missing

Pandemic period vehicle production pullbacks have actually left a hole in the used car market that completes concerning 7.5 to 8 million cars, according to quotes from Cox Automotive. Incentives still are listed below pre-pandemic degrees, and leasing prices are still low– particularly for some popular lorry kinds. That era likewise transformed automaker behavior in methods that will proceed to keep costs high and supply low for all customers– even those buying the most affordable made use of cars.

Produced by: Robert Ferris
Modifying: Natalie Rice and Darren Geeter
Electronic Camera: Ryan Baker
Animators: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Added Footage: Getty Images

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