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Car shoppers should expect high prices and limited inventory this spring – CNBC

Consumer demand and manufacturing snags — a shortage of microchips — have led to an inventory squeeze in both the new- and used-car markets.

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It’s a challenging time to be a car buyer.
High consumer demand coupled with a manufacturing shortage of microchips key parts needed for today’s autos to operate have pinched new-car inventory at dealerships across the country. And with drivers seeking affordable options for hitting the open road, the used-car market isn’t offering much of a reprieve.
“It’s a seller’s market, not a buyer’s market,” said Kelsey Mays, senior consumer affairs editor for Cars.com. “And sellers don’t have that much to…

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