Russia-Ukraine conflict likely to prolong elevated used-car values
Supply chain disruptions to boost new-vehicle prices, increase demand for used
The ongoing war in Ukraine and ensuing sanctions against Russia are pushing up commodity prices used for major components in vehicle production, likely resulting in a cascading effect on used-vehicle values and prolonging historic price appreciation. To manufacture new vehicles, the U.S. auto industry is reliant on aluminum, nickel, oil and palladium, all major exports […]
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