Coronavirus pandemic inflates used car prices as demand skyrockets | 7NEWS

7NEWS Australia published this video item, entitled “Coronavirus pandemic inflates used car prices as demand skyrockets | 7NEWS” – below is their description.

When it comes to cars, the coronavirus pandemic has put the breaks on depreciation, with fewer new vehicles arriving and lower rates of public transport use creating the perfect storm for used car prices. And, while it’s great news for sellers, buyers are being told to wait or face record prices.

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About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

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