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2021 Used car crunch


zinz
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Dealers are hurting for stock, and buyer numbers exceed availability on most everything.

 

Folks are being contacted by their dealers to trade in cars purchased over the last two years, especially well-optioned models. ( I was).  And getting offers higher than they originally paid for it back when they bought.

 

Might last awhile - some constraints are due to the current chip shortage, but the pandemic is playing a broader role as well…

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Yeah, heard not only parts and raw materials, but literally getting the shipping containers back to country of origin is being difficult.  And that Taiwan is literally at max capacity in terms of exporting goods...

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