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Why used car prices are starting to stabilize, according to local dealerships

Why used car prices are starting to stabilize, according to local dealerships and last updated 2021-07-25 02:49:27-04 If you’re looking to buy or sell a used car, now may be the time. Prices for pre-owned vehicles are finally starting to normalize even though there’s still a shortage of new cars. General manager of McCarthy’s, Chris Wesney, said, “There’s still a big problem with the delays in the manufacturing of the microchips as well as a massive shipping problem.” Earlier this year, the auto industry experienced a shortage of new vehicles due to a shortage of microchips. This forced many into the used car market causing a surge in prices.

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