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, 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 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 came
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Rental cars difficult to find in Colorado, nationwide

Matt Kelley lives in Denver and works for Major League Baseball, but he’s like people traveling to the Mile High City for the All-Star Game: He needs a car.

He and his wife went looking for a rental car earlier this week and found prices had shot up. Another issue people face is a limited supply. Try to reserve a vehicle online at Enterprise near Denver International Airport during All-Star week and you get “Sold Out Location” across the screen.

Kelley said cars were available at the Enterprise he tried. He and his wife have only one car, which isn’t usually a problem, but “we have lot of things going on.”

“So instead of trying to arrange a bunch of different Ubers, that sort of thing, we decided to rent a car,” he added.

But Kelley went with a car sharing company when Enterprise quoted him $120 a day. “We

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The Swag Earns Nationwide Recognition By Travel & Leisure

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Nationwide Auto Transport

Many lenders require some type of down cost on a car. However, that is not necessarily a bad factor; making a down payment will lower your monthly funds — and the larger your down payment, the more you save. Making a bigger down cost could additionally decrease the interest rate the lender provides you. It is feasible to sell your car with an impressive mortgage, however you could have to undergo a couple of additional steps. Used car rates of interest range from four.08 % to twenty.sixty seven p.c for many borrowers, according to the latest statistics from Experian. Rates for used automobiles are usually greater than those supplied for new car purchases. At Bankrate, our mission is to empower you to make smarter monetary choices.

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