Used Car Prices Soar During The Pandemic

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This definitely is having and will continue to have an effect on the collector market.

If you’ve been on the lookout for good deals on certain used cars, you might have thought you were imagining high prices or that maybe it’s just something going on in your area. However, this is a phenomenon being felt across North America and beyond and we have the coronavirus shutdowns and safety measures to thank.

According to Edmunds.com, used car sales through franchised dealerships are up 22 percent for the month of June. The site also says average used car values rose 16 percent in July. This has made acquiring a classic which might have been more in your financial reach that much more difficult for 2020.