Prices on the used car market are still insane. According to an analysis from iSeeCars based on 1.8 million used car sales in March, used cars cost 30.4 percent more than the same month last year. However, this is slightly down compared to February, when the gap was even bigger at 35 percent.
Many factors affect the prices of second-hand cars. The production disruptions are causing delays in new car deliveries and this means there’s a growing demand for used cars. However, there are fewer available used cars than before, which means the demand is up but the availability is down. This creates a natural jump in prices.
