Used car prices soar over 30% since 2021: Report

Published April 24, 2022 11:57am ET



Amid rising inflation, people in the United States are finding that buying a used car is not necessarily a sure way to cut costs, as used car prices have risen 30.4% over the last year.

Online car sales search website iSeeCars.com attributes the rising prices to a microchip shortage plaguing the automotive industry.

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