Just a couple years after U.S. auto sales plunged to their lowest levels in decades, dealers are finding an industry-wide shortage of used vehicles. This lack of used inventory has driven up the price of scarce pre-owned vehicles on lots, sending more and more consumers into aggressively priced new vehicles. One economist says as many as 500,000 people who intend on purchasing used will instead take delivery on new vehicles by mid-2012. This phenomenon wasn't completely unexpected.
Autoblog, Used cars commanding record prices, sometimes cheaper to buy new
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