How Bad Is the Car Market? Rich People Are Buying Their Luxury Cars Used | MotorBiscuit

You’ve likely noticed the price of everything, from groceries to gasoline, is rising. This steady trend is affecting wealthy car buyers, too. Today, a new luxury car can sell for hundreds of thousands of dollars or more. Is this why many deep-pocketed shoppers are buying pre-owned luxury cars?

Luxury cars are becoming scarce in showrooms

Bentley luxury cars | Phil Inglis/Getty Images

Fewer new cars are making it to showroom floors in 2021, and the global semiconductor chip shortage is at least partially to blame, Jalopnik reports. Despite decent car sales in the first half of the year, lots are now experiencing inventory shortages.

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