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No one in their right mind would pay more money for a used car than for the same new model.

But in these times of pandemic some things defy logic.

Let’s say you want to buy your favorite car, for example a Toyota RAV4.

You are going to buy it, but it is not available immediately. Let’s say you need it urgently and you can’t (or don’t want to) wait. You don’t want another model either, because that’s the one you had in mind.

Then the seller offers you for a slightly higher price, the same car … but from the previous year!

Older and more expensive? Yes, older and more expensive. And it is that some Americans are paying higher prices for used cars than for new ones.

The bottom line is that there have been fewer new cars on the market for months now, and therefore people are buying more used cars.

In fact, the price of the latter has risen an awesome 45.2% in the last yearaccording to data from the US Bureau of Labor Statistics (BLS).

The phenomenon is of such magnitude that about a third of the increase in inflation in June in the United States (which reached 5.4%) is due to the rise in the value of second-hand cars and trucks.

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