In the US, used cars have risen in price by an average of 35 percent since the beginning of the year. Price increases were recorded in all states.
This is reported by RBC-Ukraine Auto with reference to Car and Driver.
Demand for used cars is driving a shortage of new car supplies, which in turn stems from a shortage of semiconductor electronics, supply disruptions and covid constraints.
US used car prices have skyrocketed 35 percent on average since the beginning of the year. The rise in prices occurred in all states, but not everywhere the same – for example, in Utah, they increased by 28%.
Currently, the average price of a used car in the United States is just over $ 27,500, and the supply of used cars on the market is 15 percent lower than a year ago.
In addition, the seasonality in the fluctuations in prices for used cars has disappeared – they used to grow in the spring, and stabilized in the summer. Now prices are constantly rising.
And this is bad news for Ukrainians, because it is the United States that is the main supplier of used cars to our country.
As a reminder, prices for used cars in Europe increased by 18% in November 2021 compared to the previous year. Following this, used cars may rise in price in Ukraine.