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Kerry Lutz's--Financial Survival Network

Nov 5, 2021

If you’re looking to buy a car, to sell one, or even looking for vehicle repairs, you’re going to want to tune in to this episode. I sit down with Pam Oakes and discuss the automobile market—which is in a very unique situation. There’s a shortage of new cars, and an increased demand for used cars—so prices have increased substantially. Tune in to get insight on what to be on the lookout for, and what may be the best option for you.

-If you’re in the market for a car, looking to sell one, or looking for repairs, you’re going to want to tune in
-There’s a shortage of new cars, and used car prices are escalating
-There is a large demand for used cars
-It is not in the consumer’s favor to purchase
-Cars that would normally get repaired are getting totaled because companies know that they won’t be able to get the parts
-Wrecked cars are also going at record prices
-There is also a transition to electric vehicles that is occurring—with certain benefits and drawbacks

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