Blame Sandy for shortage of used cars


TO CONSUMERS IN THE FORM OF RATE RELIEF. THERE CONTINUES TO BE A SHORTAGE OF USED CARS, WHICH ACCORDING TO DEALERS, IS DRIVING UP THE COST. SUPER STORM SANDY DESTROYED HUNDREDS OF THOUSANDS OF USED CARS ALONG THE EAST COAST. THATS APPARENTLY CAUSING A SHORTAGE. JACK MASTROIANNI OF MASTROIANNI AUTO SALES IN PALMER TOLD 22NEWS MORE PEOPLE ARE ALSO HOLDING ONTO THEIR CARS LONGER AND BOTH FACTORS ARE CONTRIBUTING TO A HIGHER PRICE TAG. USUALLY IN OCTOBER, NOVEMBER, DECEMBER, PRICES START TO TRAIL OFF BECAUSE OF THE SEASON BUT THIS YEAR THEY HAVEN’T. IT ALMOST SEEMS THEY’VE BEEN GOING UP A LITTLE BIT. MASTROIANNI SAYS ITS NOT IMPACTING HIS BUSINESS, BUT SOME

About the Author: Michael Flood

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