Canadian Black Book Predicts Four More Years Of High Prices For Used Vehicles | Carscoops carscoops
that stems from the semiconductor shortage will continue until mid-2023 at the earliest. And that will have knock-on effects.
With fewer vehicles sold until then, there will be fewer used vehicles, be they lease returns or trade-ins, coming onto the market“To be honest, I’ve never seen anything like this,” Hancock said. “I’ve been in the automotive world for 15 years, and it’s an incredible time.”have been on the rise in Canada, up 4.1 percent this year, the data suggests that the pricing peak was actually in 2021 and that, on average, it has been tapering off since then.
“Consumers are smart, well aware, well-informed and they’re looking to maximize the value for that car and their equity position on that car,” said Hancock. “So, they’re alsoThat has given online-only dealers an advantage and may change the car-buying landscape for years to come.
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