Land Rover: Demand High Despite Record Prices

The reasons for this are ongoing supply issues and high demand among others. And with little new car production, there aren’t many used cars to sell further down the line. It could also be a ripple from the 2008 recession. Automakers built fewer cars for a few years after that. Right now, Cox Automotive also expects record prices for used cars and they’ll probably be up 28 percent year on year for December.