Think the world is simple? Consider this – there are computer chips in cars but even in refrigerators and washing machines. Many computers, tablets, and phones are only barely becoming a little bit more available but still aren’t in stock everywhere. Even tractors need computer chips. New cars are still sitting in fields while waiting for chips to complete them. Fewer new cars, fewer good deals. Fewer good deals on new cars, people look for used cars. They do that, fewer used cars. Cars that would have sold for $4,500 here are now selling for $6,000+. I don’t mean the same model – I mean that same car, now two years older and with even more miles. Or for even more than that. This is the second highest area for used car prices in the nation. Cars from 15+ years ago and with well over 140,000 miles are going for $8,000 and up. Even cars with an accident in their history and 3 or more owners. COVID is more than just “the butterfly effect.” Everything is interconnected. That gets wild pretty quickly.
Think the world is simple? Consider this – there are computer chips in cars but even in refrigerators and washing machines. Many computers, tablets, and phones are only barely becoming a little bit more available but still aren’t in stock everywhere. Even tractors need computer chips. New cars are still sitting in fields while waiting for chips to complete them. Fewer new cars, fewer good deals. Fewer good deals on new cars, people look for used cars. They do that, fewer used cars. Cars that would have sold for $4,500 here are now selling for $6,000+. I don’t mean the same model – I mean that same car, now two years older and with even more miles. Or for even more than that. This is the second highest area for used car prices in the nation. Cars from 15+ years ago and with well over 140,000 miles are going for $8,000 and up. Even cars with an accident in their history and 3 or more owners. COVID is more than just “the butterfly effect.” Everything is interconnected. That gets wild pretty quickly.