Some used vehicles now cost more than original sticker price

High demand and low supply have driven up used vehicle prices so much that many are now selling for more than their original sticker price when they were new

DETROIT -- When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it's used. Then they're selling it to consumers for more than $33,000. Welcome to the wacky world of U.S. car and truck sales, where the pandemic and a global shortage of computer chips have pushed prices to record levels. In the past year, used vehicle prices on average have climbed 30%, according to Black Book, which tracks car and truck data. That's created many crazy situations where high-demand vehicles are selling for more than they did when they were new, said Alex Yurchenko, the company's senior vice president of data science.