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Why Used Car Prices Are High — Millions Of Cars Are Missing
Posted
June 10, 2026
Views
142,286
Likes
2,051
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523
Engagement
1.81%
June 10, 2026
142,286
2,051
523
1.81%
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7:29Now PlayingPandemic era auto production pullbacks have left a hole in the used car market that totals about 7.5 to 8 million vehicles, according to estimates from Cox Automotive. Incentives still are below pre-pandemic levels, and leasing rates are still low–especially for some popular vehicle types. That era also changed automaker behavior in ways that will continue to keep prices high and supply low for all customers--even those shopping for the cheapest used cars.
Produced by: Robert Ferris
Editing: Natalie Rice and Darren Geeter
Camera: Ryan Baker
Animators: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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