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Why used car prices are starting to stabilize, according to local dealerships
and last updated 2021-07-25 02:49:27-04
If youâre 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 thereâs still a shortage of new cars.
General manager of McCarthyâs, Chris Wesney, said, âThereâs still a big problem with the delays in the manufacturing of the microchips as well as a massive shipping problem.â
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.