“There’s more people buying cars than there are cars in the market, which makes it go kind of crazy,” Cherner said.
The surge in prices is driven by the slowdown in new-car production because of lockdowns and semiconductor shortages. In addition, unusually for a recession, the number of customers who defaulted on vehicle finance and had their car repossessed has declined, cutting off another source of supply for dealers such as Cherner.
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
I wonder if it's affecting Volt's and other used EV's as well?