[Auto moto] A strange phenomenon in America.. Used cars are more expensive than new

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US used car prices jumped 30% last year, according to Blackbook, a company that monitors car and truck data.

BlackBook Vice President of Data Science Alex Yurchenko revealed that this has led to a "strange phenomenon", where used cars in high demand are being sold at more prices than they were when they were new.

Books - Muhammad Jamal: The prices of used cars in the United States made a jump last year by 30%, according to the "Blackbook" company that monitors car and truck data.
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BlackBook Vice President of Data Science Alex Yurchenko revealed that this has led to a "strange phenomenon", where used cars in high demand are being sold at more prices than they were when they were new.
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Yurchenko said 73 car models, aged 1 to 3 years, are selling at more than the vehicle manufacturer's suggested retail price and are new. According to the US Department of Labor, increases in the price of used cars accounted for a third of the surge in inflation last month. Car prices jumped by a record 10% in April, and another 7.3% in May, when inflation rose by 5%, the largest 12-month increase since 2008. For example, a new 2019 Toyota Tacoma SR double-cabin truck was priced at just under $29,000. Two years later, dealers are paying nearly $30,000 for the same vehicle, even though it's Used cars, then sell them to consumers for more than 33,000 dollars. Specialists attribute this baffling record rise in the American car and truck market, to the Corona pandemic and related closures, in addition to the global shortage of computer chips. makers American cars had to close factories for 8 weeks to limit the spread of “Covid 19”, which led to a decline in production, although orders remained high. And when life returned to factories, computer chip makers had turned to manufacturing semiconductors for phones, laptops and gaming systems, This led to a shortage of chips for vehicles, and forced car companies to shut down factories temporarily. The shortage of new vehicles and high prices, caused customers to push into the used car market, which led to a high demand there as well. In addition, car rental companies, which usually As a source of late-model used vehicles, they keep their cars longer, because they can't get new ones, Yurchenko said. But BlackBook also points to signs that price increases are starting to slow, as used-car prices soared this week. Last year, by 0.75%, the lowest in 17 weeks