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.

Local business vying for "Coolest Thing Made in Wisconsin" title

Rising thefts of catalytic converters

Shotgun shells in short supply during this hunting season

Budget amendment gives more money to Duluth police, fire