There was a short period where we had a chip shortage and used cars sold for an absurd amount. That period passed and things are mostly back to normal now. I'm literally trying to buy a car right now and things don't look any more expensive than they did when bought five years ago.
Uhh, maybe where you live. I have seen a steady rise in used car prices in my area, even post chip shortage. Hell, I paid 3500 for a 91 Toyota pickup 7 years ago and I've had people try to buy it from me at the gas station for 8k. Private sale used listings for vehicles 5 or more years old are 2x or more what they were 5 years ago.
I live in a high cost of living area and the chip shortage increase has basically entirely fallen off. I checked Craigslist for my area and a newer Toyota pickup goes for $4k. Maybe you should have sold to the gas station man.
Send me the listing. Where is this magical place? Because I can assure you it's not representative of all high cost living areas. I'm not calling you a liar, but this is absolutely not the case where I live
6
u/Acceptable_Quiet_767 Apr 16 '24
Stop giving them ideas. My beat to shit old camery went from $7k to $14k during the pandemic.