News

Used car prices going up

High demand for used cars has driven prices up during the coronavirus pandemic. With automobile manufacturers still trying to make up for production shutdowns last year and a shortage of computer parts, a tremendous interest in pre-owned vehicles has hit local dealers. Co-pilot's auto industry analytics company reported last month that used car prices increased nearly five percent since last June. Jim Olson Motors General Sales Manager Missy Allen says the inventory of used vehicles is making up for the challenge of getting new models on their lots.

 

 

Allen adds that Jim Olson Motors is also actively purchasing cars as part of their "We Buy Cars" campaign. The average used car prices topped $20,000 in 2018 and are reportedly about $22,500, according to Edmunds.com.

 

(vehicle photo courtesy of Jim Olson Motors)

Search Our Site

Current Weather

STURGEON BAY WEATHER

CANCELLATIONS

Poll

Should Wisconsin adopt ranked-choice voting for its U.S. Senate and Congressional elections?
Add a Comment
(Fields are Optional)

Your email address is never published.

Sports Poll

So, JJ Watt was signed. Who should the Packers focus on now?
Add a Comment
(Fields are Optional)

Your email address is never published.

Birthday Club

Obituaries are provided as a service of the

Schinderle Funeral Home of Algoma

Obituaries

Click Here for more Obituaries

Obituary posting fee is $25

Newsletter

Sign up for our Daily Electronic Newspaper!

Get the latest news with our Daily Electronic Newspaper delivered to your inbox.

Get the latest updates for Big Deals delivered to your inbox every Monday, Wednesday & Friday.