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How Surging Used-Car Prices Are Turning Vehicles Into a Profitable Investment

Some car owners are selling their vehicles to make the most of the current market mayhem.

     

     

Photographer: Luke Sharrett/Bloomberg

Move over, real estate. Used-car prices are rising so quickly that some consumers are selling their vehicles for a tidy profit. 

Supply-chain issues, chip shortages and a pandemic-related surge in demand have made it more difficult for buyers to get their hands on new vehicles, as car deliveries are delayed by months or sometimes even years. That’s pushed many into the secondhand market, with used cars at times selling at higher prices than new ones. But for those who’ve found they can live without that second or first car, it’s been a boon.