The microchip shortage continues to affect supply and demand for new and used cars in Seattle according to a new report.
iSeeCars.com, an automotive research firm, recently examined 280,000 new and used car sales in November to find the fastest-selling vehicles.
The report found that demand for new cars has heightened due to low inventory, while demand for used cars has slowed due to an increase in price.
“The average price for the fastest-selling new cars increased by 21 percent from October to November, which may have affected demand for new cars, as evidenced by the slower average time-to-sell,” said iSeeCars Executive Analyst Karl Brauer. “Similarly, used cars are selling
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