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Topic - Charlie Chesbrough

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In this image made from video, cars drive through the used vehicle lot at a LaFontaine auto dealership in Fenton Township, Mich., Thursday, Jan. 28, 2021. A chain reaction touched off by the coronavirus pandemic has pushed new-vehicle prices to record highs and dramatically driven up the cost of used ones. (AP Photo/Mike Householder)

New or used? Either way, price hikes squeeze US auto buyers

By TOM KRISHER and MIKE HOUSEHOLDER - Associated Press

FILE - In this June 26, 2018, file photo a used 2017 Kia Forte sits in a row of other used, late-model sedans at a dealership in Centennial, Colo. Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site. (AP Photo/David Zalubowski, File)

Buyers move to used vehicles as new autos hit record prices

By TOM KRISHER - Associated Press