Chip shortage due to COVID screwing with international logistics. Most modern cars are computerized, so no chips means new cars can't get built. No new cars =

Chip shortage due to COVID screwing with international logistics. Most modern cars are computerized, so no chips means new cars can't get built. No new cars == prices are up for new cars, and since people can't afford new cars they hammer the used car market. Which drives up the cost there, too.