Some used vehicles now cost more than original sticker price | www.WDIO.com

Some used vehicles now cost more than original sticker price

Some used vehicles now cost more than original sticker price Photo: WDIO-TV file

TOM KRISHER
Created: June 22, 2021 08:35 PM

DETROIT (AP) - High demand and low supply have driven up used vehicle prices so much that many are now selling for more than their original sticker price when they were new.

The auto research firm Black Book found 73 models of 1- to-3-year-old vehicles with prices higher than the original sticker, even though they're used.

It's all because of factory shutdowns last year at the start of the coronavirus pandemic and a worldwide shortage of computer chips that have forced auto production cuts.

Black Book Senior Vice President of Data Science Alex Yurchenko says used vehicle prices are up 30% in the past year. He says the high prices will stay until the chip shortage ends, and that date is unknown.

Credits

TOM KRISHER

Copyright 2021 The Associated Press. All rights reserved.

Proctor Police: Football investigation continues

Visit Duluth board approves new deal with City of Duluth

Biden administration plans to finish mining study, moves towards withdrawal of land

Students enjoy Unity Day at Duluth’s Raleigh Academy

City of Superior to clear key sidewalks on routes to school

Funding from the 1200 Fund could help solve the childcare crisis