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The Changing Dynamics of the Used Car Market Amidst the Chip Crisis

The chip crisis has led to fewer new cars and longer delivery times. This shortage of supply for new LCVs (Light Commercial Vehicles) and passenger cars has resulted in a surge in demand for used cars. Long standers were the exception. Anyone who bought a used car for 10,000 euros in April 2022 had a used car purchase value of 11,500 euros in July 2022. Accordingly, sales prices in the GW range rose by 25.9 percent from mid-2021 to January 2023 alone.

However, the situation on the GW market is currently changing. Microchips are once again available to the auto industry, reducing new car delivery times. Customers buy again according to classic criteria. In order to continue earning good money with the used vehicles, it is worth considering a few strategic points.

Inflation

More expensive due to inflation…

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2023-05-19 12:19:46
#Expert #tips #earning #good #money #vehicles

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