by Kevin Bessler, The Center Square | June 23, 2021 04:00 PM Print this article Prices for new and used cars continue to go up as a microchip shortage continues to affect the industry. Used cars have been more heavily impacted. According to the U.S. Bureau of Labor Statistics, used car prices have jumped 21% since April 2020. In Illinois, used car prices have increased nearly 15% over the past year. New car prices have increased 2% during the same time period. Used vehicles saw May’s largest month-over-month inflation, with prices jumping over 7% in the latest Consumer Price Index report. That followed a 10% surge in April.