New Record For Used Car Sales Won’t Be Broken Anytime Soon
Used car sales broke records in 2021, we should hear more on the whereabouts of the Cybertruck soon and Lamborghini’s doing a-OK. All that and more in The Morning Shift for Thursday, January 13, 2022.
1st Gear: It’s Not Just About Used Car Prices
The average price of a used car in November was $27,500 — 27 percent higher than the same month in 2020. Unsurprisingly, last year also marked a record one for used car sales in the U.S., when 40.9 million vehicles found new homes, according to Cox Automotive via Automotive News:
Cox Automotive estimated that overall used-vehicle sales for 2021 were 40.9 million, an increase of about 10 percent compared with 2020. Of those, an estimated 22.2 million were retail sales — vehicles sold to consumers by dealerships and other retailers such as Carvana. That also was an
