Pandemic‑related supply constraints keep new and used car prices elevated. Higher vehicle costs squeeze consumer budgets and could slow auto market demand. Automakers, Consumers, Regulators Prices likely remain high until supply improves later this year. Continued supply constraints from pandemic-driven shortages are prolonging high prices in both new and used car markets. Automakers have adjusted their production strategies but remain cautious, indicating that the tight supply will persist for the foreseeable future, keeping prices elevated for consumers.
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