The industrywide used-car shortage has caused wholesale used vehicle prices to soar. Well, here's some down-to-earth news:
Retail asking prices for used vehicles listed for sale online are rising, too -- at least on AutoTrader.com. In fact, prices of some certified and non-certified used trucks listed on the third party site have increased dramatically, according to the site's monthly report for April.
The Ford F-150 is a good example.
The average asking price for a non-certified used F-150 increased 18 percent to $21,161 in April from its year-earlier average asking price. A certified F-150 and its $29,863 asking price is a 36 percent jump.
Other certified and non-certified used vehicles such as Chevy Silverado 1500, Dodge Ram 2500, Volkswagen Jetta, and Ford Fusion also showed double digit year-over-year retail asking price increases in April.
Ok, so there is a difference between asking price and transaction price.
But at least the prices dealers pay for used cars aren't the only numbers going up. They're charging customers more, too.