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Why Did Used Car Prices Go Crazy?

Why did used car prices skyrocket during and after the pandemic? It all started with a global semiconductor shortage — a $1 chip missing from the supply chain that triggered a massive ripple effect across the auto industry. In this video, we break down how the chip shortage crippled new car production, pushed up demand for used cars, and led to a pricing crisis that hit buyers worldwide. Backed by real data, charts, and global insights — this is the full story from 2020 to 2025. 📊 What You'll Learn: What caused the global chip shortage How semiconductors are essential to modern vehicles Why used car prices spiked 30–50% Global impact: U.S., Europe, Asia & beyond What’s next for car prices in 2025? OUTLINE: 00:00:00 - The Chip That Broke Used Cars 00:00:27 - The Basics and the Shock 00:02:50 - Cars Are Computers 00:03:16 - Used Market Goes Vertical 00:05:28 - The Domino Chain 00:05:58 - Numbers To Chew On 00:06:27 - Global Ripples 00:06:52 - More Than Chips 00:07:15 - Recovery, With Caveats 00:07:40 - The Bigger Lesson 🔍 Keywords Included: chip shortage, used car prices 2025, semiconductor crisis, supply chain explained, why are cars so expensive, global car market, automotive chip shortage, economics explained