Are car second-hand car prices likely to fall anytime soon ?
Are car second-hand car prices likely to fall anytime soon ?
Asked on 30 September 2021 by John Byrne
Answered by
Dan Powell
I think used car prices will be with us for the remainder of 2021 and most of 2022.
The pandemic and its numerous lockdowns have caused significant disruption to the supply chain that supports the manufacturer of new vehicles. There is also a global shortage of semiconductors, which will take two or possibly three years to solve. Factor in two or three years of falling new car sales before the pandemic and it's easy to see why there is a shortage of used cars.
The pandemic and its numerous lockdowns have caused significant disruption to the supply chain that supports the manufacturer of new vehicles. There is also a global shortage of semiconductors, which will take two or possibly three years to solve. Factor in two or three years of falling new car sales before the pandemic and it's easy to see why there is a shortage of used cars.
Tags:
car prices
used car values
Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.
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