Rising vehicle prices are creating a ripple effect across the automotive market, with new cars fetching record-high values at dealerships. These elevated costs are now spilling over into the used market, where demand for these vehicles is driving up resale premiums. Industry analysts warn that the trend could squeeze buyers already facing tight budgets, as both new and pre-owned prices climb. The shift reflects broader economic pressures reshaping consumer spending on transportation.
The latest squeeze is starting with new vehicles, which are selling for record prices and eventually command hefty premiums when they hit the used market.
