Discuss the trend of car prices over the past few years as described in the text.
CLEAN : 'More demand and less quantity': US car seller on record inflation
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10th Grade - University
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Hard
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The video discusses the impact of inflation and COVID-19 on the vehicle market, highlighting the basic economic principles of supply and demand. It explains how the pandemic has shifted consumer preferences towards personal vehicles, leading to increased demand and limited supply. The video also analyzes market trends, including the resale value of cars, and the challenges faced by dealers and wholesalers in acquiring vehicles.
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What challenges are dealers facing in finding vehicles according to the speaker?
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