Used car sales up nearly 30%, here s what it means for Arkansas
Vehicle prices spiked during the pandemic after production stopped on new cars. Used car sales are now up nearly 30%. Author: Jade Jackson Updated: 6:30 PM CDT July 7, 2021
LITTLE ROCK, Ark If you re trying to buy a car, new or used, you can expect to pay more than usual on the average price.
Vehicle prices spiked during the pandemic after production stopped on new cars. All in part to a shortage of microchips in newer cars.
This means more people will be looking to buy a used car, but with fewer vehicles on a large car lot, local dealerships are having trouble keeping inventory up.