INSIDER
Report: Some cars cost more used than new amid part shortage
Read full article: Report: Some cars cost more used than new amid part shortageWith companies facing shortages of microchips and parts, new cars are being produced at slower rates than normal. So it’s no surprise that the price of used cars are going up amid the demand.
Data: Used car prices up 20.8% in Detroit
Read full article: Data: Used car prices up 20.8% in DetroitUsed car prices are up 20.8% in the Detroit market over the past year. Nationally, used car prices have increased 16.8%, or $3,926, over the past 12 months, compared to most years when they remain constant.
Report: These were the fastest selling cars in Detroit in February 2021
Read full article: Report: These were the fastest selling cars in Detroit in February 2021LOUISVILLE, KY-OCTOBER 27: The all-new 2018 Ford Expedition SUV comes off the assembly line at the Ford Kentucky Truck Plant October 27, 2017 in Louisville, Kentucky. (Photo by Bill Pugliano/Getty Images)DETROIT – The Volkswagen Passat is the fastest selling used car in the Detroit area, according to data from iSeeCars. But the fastest selling new vehicle in the region is the Ford Expedition. According to ISeeCars, the average new car in Detroit took 46.5 days to sell in February 2021, while the average used car took 49.1 days to sell. To determine the fastest-selling cars in Detroit, iSeeCars said it analyzed 1.2 million new and used car sales in February 2021.