The TRUTH about why car prices are getting HIGHER
This video was first publish on Car Coach Youtube Chanel
You may have noticed that the prices of cars seem to be increasing. Have you ever wondered why this is happening? In this video, we are going to expose the real reason behind skyrocketing car prices and bring out the truth that may surprise you!
One reason for this is the current state of the economy. With inflation on the rise and supply chain disruptions, the cost of producing cars has gone up significantly. Another reason for the higher prices is the shortage of raw materials such as microchips and steel. This has caused delays in production and has made it more expensive to produce new cars.
Finally, rising gas prices have had an impact on car prices as well. Manufacturers are shifting their focus to electric and hybrid cars, which require different technology and materials, increasing the cost of production.
So, there you have it. The reason car prices are getting higher is a combination of inflation, supply chain disruptions, shortages of raw materials, and a shift towards electric and hybrid cars.
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00:00 The TRUTH about why car prices are getting HIGHER
00:33 why car prices are riding
00:55 chip shortage
01:40 don't pay over sticker
02:00 low cost new cars
02:20 certified preowned
03:00 look for incentives
03:32 buying a used car
04:00 stay with the brands
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