Some Used Vehicles Now Cost More Than Original Sticker Price

The lack of new vehicles and higher prices have sent more people into the used vehicle market, so demand is high there.

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This Nov. 15, 2020 photo shows a long row of unsold used Highlander sports-utility vehicles sits at a Toyota dealership in Englewood, Colo. In 2021, high demand and low supply have driven up used vehicle prices so much that many are now selling for more than their original sticker price when they were new. (AP Photo/David Zalubowski)
Image via AP Photo/David Zalubowski

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

DETROIT (AP) — When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it’s used. Then they’re selling it to consumers for more than $33,000. Welcome to the wacky world of U.S. car and truck sales, where the pandemic and a global shortage of computer…

Read at AP News