Used Car Prices Hit an All-Time High, Can You Still Get a Good Deal? – MarketWatch

Over the last year we have seen many articles and heard many stories about the real estate market and how hot some areas of the country are.  We are now seeing a similar story, but dealing with a different asset, used cars.  Some of the factors leading to these higher prices are a global shortage in microchips, low inventory, and increased demand for certain inputs that go into maintaining and fixing up cars.  This article goes into a bit more detail around those reasons and also gives some good tips on what you should do if you or someone you know is currently looking for a used car and wants to get the best deal possible.