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Revved up US demand for used cars sends prices soaring

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AFP

Arlington (United States) (AFP) – The used car market in the United States is seeing an unprecedented phenomenon: owners selling vehicles for as much or more than they paid for them. The strange twist comes as a global shortage of computer chips amid the Covid-19 pandemic has stalled auto manufacturing, fueling a price increase for used vehicles, which in turn helped drive record US inflation last year. It “100 percent is a new trend,” which is unlikely to end soon, said Aurelien Guillaud, owner of Arlington Auto Group (AAG), a car dealership based in Arlington, Virginia, just outside the nati…

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