Used car prices continue to climb as gas prices, supply chain backlogs drive up demand

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Used car prices continue to climb as gas prices, supply chain backlogs drive up demand
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Used car dealers are facing stronger demand nationwide for cars with good mileage amid high gas prices -- but supply chain delays cause additional trouble.

With record gas prices and supply chain issues delaying new car production, more people are looking for cars with better mileage. That means more business for used car dealers.

With record gas prices and supply chain issues delaying new car production, more people are looking for cars with better mileage."The economy is kind of tough right now," said Carson Cars salesman Luis Zarate. "They’re looking for a used car, low mileage, and they can rely on it." Many dealers are having a harder time getting used cars, forcing them to get creative to fill their lots. "We’ve been working really hard and had to do some untraditional sourcing for inventory, for sure," said

Mike Carson. "I mean, just going to the auction isn’t working. We’re buying cars out of the paper. We’re opening up different avenues to different buyers."

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