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Keyword: vehicleprices

New and Used Car Prices Soar Due to Microchip Shortage

07/11/2021 5:18:59 PM PDT · by E. Pluribus Unum · 122 replies
The Western Journal ^ | July 10, 2021 at 2:27pm | Jack Davis

A microchip shortage is translating to higher car prices across America. CBS reported that the average price of a new car has topped $40,000 and that used car prices have risen nearly 30 percent due to the shortage. Lansing, Michigan, resident Heather Lyons knows that firsthand. In looking to buy a replacement for a totaled car, she said she will end up paying more to get less, according to WILX-TV. “It really is bad. My car payment last time for a decent vehicle was something I could afford and this time it’s going to be a worse vehicle for more...

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