Summertime is usually a busy season for teen drivers as many prepare to get their driver’s license during the school break. A new driver in the family can also mean that a new car is needed. However, as new car production has dropped over the past year and the prices of used cars have skyrocketed, teens and novice drivers may find it harder to buy safe cars to drive.
A global shortage of microchips has caused a drop in the production of new cars. Simultaneously, prices of used cars shot up in 2020, making used cars very expensive for parents of young teen drivers. Typically, parents of teen drivers prefer to buy used cars so that their children gain experience driving in an affordable car before they move on to a new car of their own. This has also traditionally been the thinking of parents in the Atlanta area for decades.
However, the market for used cars has ballooned in 2021, and prices for some models have increased significantly. This means that many teens now have a much smaller range of models from which to choose. The danger is that many parents might neglect the importance of safety features when buying a car for their child. Many older cars do not come with key safety technologies, and it is likely that in a seller’s market parents may feel the pressure to choose a car that is within their budget but not necessarily the safest one for their child.