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Over the past months, the used car market has been expanding like never before, as new car production dwindled due to supply chain issues. According to Edmunds’s research, the average transaction price (ATP) for used vehicles climbed to $25,410 in the second quarter of 2021 compared to $20,942 in the same period last year, marking the highest quarterly used ATP Edmunds has on record.
Used cars require repairs to keep running. Also, people owning cars invested in repairs and maintenance to avoid add-on spending in buying new cars. The growing demand for aftermarket auto parts bodes due to lower production for new cars bodes well for AZO.
