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Used car prices are skyrocketing. Time to cash in that clunker?

Used car prices are skyrocketing. Time to cash in that clunker?
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

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Used car values skyrocket to more than $17K on average as new car inventory dries up. Is it time to cash in on your old clunker?

Used car values skyrocket nearly 21% as new car inventory dries up. Is it time to cash in your old clunker?
Robert Channick, Chicago Tribune
© Erin Hooley/Chicago Tribune
Used cars are displayed for sale May 3, 2021, at the CarLotz used car consignment dealer in Downers Grove.
With new car production grinding to a halt during the ongoing computer chip shortage, that old clunker at the end of the driveway is starting to shine again.
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As the country emerges from pandemic stasis ready to hit the road, there’s a dearth of new cars on dealer lots, and a growing number of buyers turning to the used market, making it potentially a great time to sell your old car especially if you don’t plan to replace it. ....

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