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More used car dealers are getting creative as prices rise

27.06.2022

More people are looking for cars with better mileage due to record gas prices and supply chain issues that are causing new car production to be delayed.

That means more business for used car dealers.

The economy is kind of tough right now, said Carson Cars salesman Luis Zarate. They're looking for a used car, low mileage, and they can rely on it. Many dealers are having a harder time getting used cars, forcing them to get creative to fill their lots.

Mike Carson, Carson Cars owner, said that they had to do some untraditional sourcing for inventory because they had been working really hard. I mean, just going to the auction isn't working. We are buying cars from paper. We are opening up different avenues to different buyers. Dealers have had to increase their prices because of that.

The market is driving the pricing. The pricing has gone up in general, according to Carson.

Because of the ongoing supply chain issues, used cars are more expensive. The price for a used car has gone up over the last two years. The average listing price is up almost $9,000. It's still pretty challenging, especially if you're looking for a vehicle in that lower price range, said Matt Degen, Kelley Blue Book Senior Editor. Degen said that you might have to look a little bit longer to find the vehicle you want.

If demand keeps going up, so will their prices.

Carson said that I don't predict the prices going down as long as there is a demand like there is right now.