The Used Car Market...

Used car prices have soared over 22% in the past year. Ridiculous. With the difficult past two years the world has had, you’d think that we could at least catch a break on getting a new car. However that is not the case due to one small piece of technology: a microchip. Due to the pandemic there is a shortage of microchips, these special chips are what allow the technology in all cars to drive and perform any and all technological functions that they might do on any normal drive. Without these, the cars do not work. This shortage has caused the cars that do have these microchips to appreciate exponentially, raising the barrier of entry into the car market. There are chips waiting to be distributed, they just so happen to be stuck in our ports due to incredibly poorly managed supply chain issues. Will we ever get our prices back down so we can purchase cars? Experts say yes! But not for another 1-2 years - until then, let's all get really good at biking or skateboarding!