2021 used car values increased due to a wild economy and microchip shortage, according to CarGurus.

CarGurus explains how to determine car worth, considering factors like location, mileage, condition, and current market trends. Value can change daily and depends on variables such as microchip shortages. When selling, the car's worth is crucial, whether online, trading in, or privately. There's no fixed market value, as it fluctuates constantly. In summer 2021, used car values increased due to a wild economy and microchip shortage.

June 04, 2024
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