Pandemic-related. Production was halted or slowed of
Posted on: August 12, 2021 at 10:54:03 CT
SparkyStalcup MU
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certain items during the pandemic because of the weak demand. Once demand started to come back, production has not returned to previous levels. So now, you have low supply and strong demand, hence the increase in prices.
The increases have already started to taper off a bit in the used cars and real estate markets. Prices should start to level off once supply returns to previous levels.