• The car market keeps getting worse for buyers. Things may not get better until 2023, analysts say

    4 days ago - By Business Insider

    A car dealership lot with Ram pickup trucks.
    David Zalubowski/AP
    In September, wholesale used-car prices surged and vehicles sold faster than they did in August.
    A shortage of new cars is driving secondhand prices up.
    The worldwide supply of cars may not recover until 2023, industry analysts say.
    Looking to buy a secondhand set of wheels for a reasonable price? You may want to wait a couple of years. Used-car values have surged during the pandemic as a chip shortage reduced the flow of new vehicles off of production lines to a trickle. It looked like prices were starting to come down after...
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