skyrocketing prices for used cars, rising faster than almost any other product. it s a major roadblock for consumers who need affordable transportation rehema ellis on what s driving those huge price hikes. normally the lot would be two lines reporter: amir yousef sells used cars in new jersey. and the past two years, he s had less to sell. he blames covid for accelerating the shortage before the pandemic, this lot was typically packed with about 120 used cars. today, there s only 45 we are paying around 30% more for the same car that we used to buy before the pandemic reporter: you have to pass that on to the customer yes reporter: nationwide, the price of a used car has skyrocketed at 37% in the past year. the average cost soaring above $28,000 for the first time ever everybody is frustrated there s a shortage of cars. reporter: in west new york, new jersey,