1 Top Tech Stock That Just Grew Sales by 125%
If you've tried to buy a new car this year, you likely had a difficult experience that potentially involved extensive delivery delays and even sky-high prices. The reason is a global shortage of advanced semiconductors, the critical computer chips that power the increasingly digital features in new vehicles.
This has pushed consumers into the used car market instead, but that has triggered soaring prices there, too. According to the latest inflation data, used vehicle prices have increased by more than 24% over the last 12 months, and overpaying for a used car can be financially irresponsible since they've historically depreciated in value.
But it hasn't stopped consumers rushing to buy, with used-car sales specialists like Carvana (NYSE: CVNA) doing record business. It just delivered a bumper third-quarter result, and here are some of the key details.
Source Fool.com
