Thursday, January 27, 2022

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HomeVideoPrices for new and used cars skyrocket leading up to the holidays

Prices for new and used cars skyrocket leading up to the holidays


With the auto industry still reeling from a computer chip shortage and low production due to COVID-19 shutdowns, rising car prices show no signs of abating soon—and consumers are bearing the brunt of it, with record high average asking prices for both new and used. Nora Naughton, automotive industry reporter for the Wall Street Journal, joins from Detroit to explain why what we know about buying cars has completely changed.

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