PL/OB Diego
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"But that demand is coming at a time when auto plants around the globe are closed or running at reduced production due to a computer chip shortage. New car production in North America is down about 3.4 million vehicles in the first three months of this year, according to Cox Automotive. The used car market is just as tight, with some measures of supply and demand in the sector showing the greatest scarcity on record."
"It's a perfect storm," said Charlie Chesbrough, senior economist for Cox Automotive. "If you're not willing to pay near sticker price, there's someone behind you who is. These issues will be with us through at least the rest of this year."
Here's why car prices are at record highs — and they're still on the rise
"It's a perfect storm," said Charlie Chesbrough, senior economist for Cox Automotive. "If you're not willing to pay near sticker price, there's someone behind you who is. These issues will be with us through at least the rest of this year."
Here's why car prices are at record highs — and they're still on the rise
