New car prices are soaring as much as 60 per cent, with buyers paying tens of thousands of dollars more than the original price.

Mike Sinclair, the Editor-In-Chief at Carsales, told Gareth Parker on 6PR Breakfast that a shortage of different materials has led to increased prices.

Sinclair explained that there is a gap in the market for second-hand car buyers because owners aren't trading in older cars.

New car prices are soaring as much as 60 per cent, with buyers paying tens of thousands of dollars more than the original price.
Mike Sinclair, the Editor-In-Chief at&nbsp;Carsales,&nbsp;told Gareth Parker on&nbsp;6PR Breakfast&nbsp;that a shortage of different materials has led to increased prices.
Sinclair explained that there is a gap in the market for second-hand car buyers because owners aren't trading in older cars.

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

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