Why are Used Car Prices Rising? A TSX Stock to BUY Now

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Why are Used Car Prices Rising? A TSX Stock to BUY Now

In Canada, the average price of a used vehicle increased to C$ 31,875, representing an increase of 27 per cent year-over-year (YoY). The global shortage of chips doesn't seem to end soon, and it is reportedly causing a demand surge for used cars. E Automotive Inc. is a digital car auction platform and provides automotive dealer solutions. Watch this video for more info on this space by Kalkine TV.

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