Day: October 3, 2021

Used cars prices up 38% in Springfield from last year, also increasing nationwide amid microchip shortage

SPRINGFIELD, Mo. (KY3) – If you’re looking for a used car, around the Springfield-area or elsewhere, you might have to save up a little more than usual for one.

A new study from iSeeCars.com, automotive research firm, analyzed trends from more than 1.9 million used car sales nationwide in the month of August. CLICK HERE for the study

It found that used car prices in August increased on average by 26.2%, or $6,454, over the past 12 months. The mark is slightly down from a 31.6 percent increase reported in July.

According to a iSeeCars.com spokesperson, prices in the Springfield, Missouri, area increased on average by 37.9%, or $9,327, over the past year.

The study reported the following findings:

  • The vehicles with the highest price increases are a mix of economy cars and impractical cars.
  • Cars with the smallest price bumps are mainly luxury SUVs.
  • Used car prices
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GM might lose 90-year U.S. sales crown over chip shortage

Automotive News editor Nick Bunkley tweeted on October 1 that according to AutoNews data, General Motors “has been the largest seller of vehicles in the U.S. every year since passing Ford in 1931.” With automakers having turned in light car and truck sales data for the first three quarters of 2021, GM’s 90-year-run might not reach 91. According to AN figures, Toyota was 80,401 vehicles ahead when the October workday started. Worse, GM is so far behind its historic pace that it might only sell enough light vehicles in the U.S. to match its numbers from 1958. 

Meanwhile, the New York Times put a few more salient numbers to the pain GM and Toyota are enduring alongside the the rest of the industry. GM sold 33% fewer cars in Q3 2021 than it did in Q3 2019 during the dark days of the pandemic, 446,997 units this year as opposed

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