The value of my car, which has been gathering dust in our garage for most of the pandemic, increased lately after 12 years of declining.
Nothing is classic about the car, but the estimated value on CarGurus is up and it must be for nearly any other car that still runs. After months of price increases, the automobile-auction company Manheim reported, used-car wholesale prices jumped an additional 7% just in the first couple of weeks of April.
Consumers won t find great bargains shopping for new cars, either. Ford Motor Company s F-series pickups have been America s bestselling vehicle for decades, and Ford thinks it might be able to build only half as many vehicles as planned in the second quarter, idling even its Ford F-150 lines.