I'm in the Automotive Industry in Detroit and the biggest reason for the extremely high new and used car prices are due to the global semiconductor shortage. New vehicles use over 200 semiconductors per vehicle and there are assembly plants closed all over the country until this shortage can be alleviated. We're looking at mid-2022 before things are back to normal and dealers can get back to normal inventory levels. Unless you absolutely need to buy a vehicle it would be much better to wait until next year when prices will (or should) return to normal levels; it's all about supply and demand right now.
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