Why Do So Many Cars Cost More Used Than New?

Published by
The Street

By Veronika Bondarenko A lightly-used Mercedes-Benz G-Class costs $63,000 more than a new model. Driving is, for many reasons, becoming a costly and challenging undertaking — gas prices are rising, car prices are increasing and, even for those willing to shell out those big bucks, buying one is often far from easy. The build-up to the current crisis is both immediate and years in the making. A shortage of semiconductors, or the microchip that is used in cars for everything from light sensors to displays, have put serious limits on how much and what kinds of cars are currently available. Why Is…

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