Posted on Oct 28, 2020
A Pandemic Sticker Shock: Used-Car Prices Are Through The Roof
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Aaron Springer of Odenton, Md., wasn't looking to sell his 2014 Volkswagen Jetta SportWagen, which he bought used a couple of years ago.
"I love this car," he says.
But Springer heard the used-car market was hot, so he decided he might as well check. To his astonishment, used-car site Carvana offered him $1,500 more than he paid for the vehicle in 2018.
"I mean, it's just too good of a price to not sell it," he says.
Add used-car values to the list of things turned topsy-turvy in 2020. Springer's experience is exceptional, but it's also a sign of the times: Prices for used cars, trucks and SUVs rose remarkably all summer long as demand far outstripped supply.
"I love this car," he says.
But Springer heard the used-car market was hot, so he decided he might as well check. To his astonishment, used-car site Carvana offered him $1,500 more than he paid for the vehicle in 2018.
"I mean, it's just too good of a price to not sell it," he says.
Add used-car values to the list of things turned topsy-turvy in 2020. Springer's experience is exceptional, but it's also a sign of the times: Prices for used cars, trucks and SUVs rose remarkably all summer long as demand far outstripped supply.
A Pandemic Sticker Shock: Used-Car Prices Are Through The Roof
Posted from npr.orgPosted in these groups: 
Cars
Cars
Posted 4 y ago
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