Prices for used vehicles surge in recent months

Global Business

If you’ve tried shopping for a car lately in the U.S. you know: prices of used vehicles are going up.

In fact, according to the car-research site Edmunds, the average value of used cars traded in for another purchase reached an all-time high in March and the trend is only continuing and it seems like the issue is supply and demand.

CGTN’s Hendrik Sybrandy reports,