This price boom is due to an acute shortage of new vehicles – and a plethora of buyers, armed with spare money they did not spend on a foreign holiday. 'Used car prices have gone up ridiculously since showrooms opened in April – and they are ramping up again.' He says: 'More motorists are turning to used cars as supply shortages continue to impact adversely on the new car market.' 'Used car supply is tight,' he says, 'so we're travelling further and paying more to get cars we can sell. There are downsides to the used car boom.

Source: The Nation September 25, 2021 20:48 UTC