With Subaru’s plant shutdown in the U.S. through May 2, it may be harder to find a 2021 Subaru Outback or 2022 Outback model this summer. Subaru will lose approximately 15,000 vehicles to the production shutdown affecting SUV shoppers this spring and summer. The microchip shortage is affecting new Subaru models, and it’s raising used car prices.
A new study from Consumer Reports reveals that demand for used cars is pushing prices up with the shortage of new vehicles. The average cost of a used car jumped 12.5 percent over the past year, from $21,020 to $23,643, according to the National Automobile Dealers Association.