Computer chips crucial for building new cars are in short supply because of the pandemic, and many dealers are running out of inventory.

#WorldNewsTonight #ABC #Cars #UsedCars #CarsForSale #Travel #Money

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By carmodpros

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44 thoughts on “As car prices soar, some sell theirs back for a profit”
  1. They sell at high prices because they can! Same with houses! All they have to do is convince the low IQ population (most people) that there is a shortage! It is ALL a scam and a lie!

  2. Okay, so now you're paying more for the new vehicle and guess who makes out on that? It amazes me how folks trade or lease every 2 or 3 years, especially if they're getting the same type of vehicle. It must be awfully expensive with title and doc fees, taxes and Lord knows what the dealer stiffs you for, especially at turn in. I've heard some dealers charge $900+ to replace tires on cars with 22K miles and other off the wall charges not considered normal wear and tear. Vehicles are designed to last well over 250,000 miles and at least 15 years without major repair.

  3. David David David, yeah you can yap all you want about car prices, how about gas prices?? I'm paying a dollar more than I did a year ago and it's because Biden is trying to kill the US as a producer of cheap energy, duh

  4. So you sell your car back make a small profit but you still need to buy a car so it costs you more in the long term. Don't fall into a trap ..

  5. A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control

  6. I CALL BULLSHIT. I have seen the cars that didn't sell get moved to desert storage(by the thousands)to eliminate competition with newer models on dealer lots.

  7. It's true, I bought a 2020 Buick Encore in January and I now have an offer from Carvana that is $4,500 above what I paid out the door, Carmax offer is $4,200 above what I paid. It's crazy. I'm tempted to sell but have to realize I will not be able to get another good car deal for a long time. It's a second car and I paid cash, so it's not like I won't have a vehicle. I've always had two vehicles as I like having a spare. My other is a 2019 Kia and it's still under new car warranty. How often can one buy a brand new car 6 months and 3K miles later sell it for a good profit? Tough call.

  8. ok ABC so now please run stories on Hunter Biden / the CCP & their bio attack on the free world /Joe Biden's Dementia / 2020 election disparity / Inflation what's Biden Harris doing about it? / immigration problems / Cuba and did I mention the CCP?

  9. This is a scam. They make it seem as though there is a shortage followed by demand to pawn off these worthless cars because they will soon be too expensive to maintain and insure due to new “green/eco restrictions “. Why does everyone keep believing these liars? Car salesmen, news casters, politicians, doctors… 🤡come’on man

  10. Sell your car back to these dealerships for appreciation of 30% for the depreciation of 30% you lost driving it off the lot and maybe tack on an extra 10-20% for good measure!

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