Here Are 10 Vehicles Worth More on the Market Used than New!
Here Are 10 Vehicles Worth More on the Market Used than New!As you know, the automotive market has been an absolute seller’s market this past year, especially in the used-vehicle segment. There are several causes, but the shortage of new models caused by the microchip shortage has played a big part in sending used-car prices through the roof.
It has reached a point where we are hearing increasing reports of models selling for more on the used-car market than when they were brand-new. It's a question of supply and demand, and it's what happens when manufacturers can't keep up with hot demand for new vehicles.
Prices in the used car market are bound to climb in that situation. For one, used vehicles are available right away, so no waiting months for delivery of a new model. Many consumers are evidently willing to pay more to get a slightly pre-owned vehicle so they don’t have to wait.
The iSeeCars website crunched some numbers that gave some pretty incredible results. According to data obtained from the platform's search engine, a one-year-old used car now costs, on average, 1.3 percent more than an equivalent new car. Amazing.
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