SAN DIEGO — For years, buying used was supposed to save drivers money. But in today’s car market, that assumption is starting to break down. Some used vehicles are now being listed for more than their original MSRP, and experts say in certain cases, buying new may actually make more financial sense.
“In some cases, it’s not hundreds of dollars, it’s 1,000s of dollars more,” said Ray Shefska, co-founder of CarEdge, a platform designed to help shoppers navigate the car market.
Shefska said the trend can be traced back to the COVID-19 pandemic, when chip shortages and low inventory sent both new and used car prices soaring. While prices have cooled somewhat since then, he said the market still has not returned to normal…