Secondary in the US has risen in price over the year by 40%

Secondary in the US has risen in price over the year by 40%

FineAuto

The average “price tag” for a whole used passenger car in the United States has approached the mark of 30 thousand dollars. At the same time, good specimens do not stay on dealer sites for more than a week.

Used car prices have risen 40% in just one year, according to the US Bureau of Labor Statistics. According to Carfax, today the average cost of a used car is $28,000. And representatives of Edmunds give an even more disappointing estimate – 29.5 thousand dollars.

According to American experts, the lack of microchips is to blame for the high prices of used cars, which provoked interruptions in the supply of new cars, as well as inflation.

However, high prices have not yet deterred Americans from buying. On the contrary, according to Cars.com, most used cars are sold within a week after they arrive at the seller’s site. For comparison, before the coronavirus pandemic, this period averaged 30 to 60 days.

However, soon the situation may change for the better for buyers in the secondary market. According to Carfax forecast, in the second half of 2022, the offer of new cars will expand. At the same time, due to a new surge in the incidence of COVID-19 and a rise in the price of used cars, growth in demand for cars in the United States slowed down. Against this background, it is expected that by the end of the year, prices, if they do not roll back to their usual levels, then at least stabilize.

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