It's the Worst Time to Buy a Car — But What If You Have To?
WKBT July 27, 2021 5:52 PM Philip Reed Posted: Updated: July 27, 2021 9:50 PM The same thing that happened with toilet paper last year — shortages and panic buying — is now happening with cars. “In my 28 years in the business, I’ve never seen anything like this,” says Oren Weintraub, president of Authority Auto, a concierge car-buying service in the Los Angeles area. Microchip shortages, pent-up demand and a used car market that “is on fire” are driving up prices and fueling a buying frenzy, he says. Used cars will be pricey for a while, as shortages of new cars today ...
Source: news8000.com