Used, but in front of you: The year the used cars gave gas

One of the phenomena of 2021 is the rapid rise in the prices of used cars. The return of the economy to activity after the shutdown of car factories for long periods in 2020 led to an increase in demand for raw materials and various components. Disruptions in the supply chains of these components, as well as disruptions in the chip industry, have led to a lower supply of new cars – and an increase in the price of used cars. Thus, the Mannheim index for used cars in the US increased by about 50% compared to December 2020. The Israeli market also saw an increase in the prices of used cars, but it seems that Israelis prefer new vehicles – this year broke a sales record of 300,000 new cars. Used, and their stock performance per year …

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