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Shortage of cars prompting bidding wars, price hikes

Posted at 12:33 PM, May 06, 2021
and last updated 2021-05-06 17:11:24-04

Turning now to those car bidding wars.

Prices for new cars are soaring around the country as supply plummets due to a shortage of essential computer chips.

Some folks are even paying more than the sticker price.

ABC's Gio Benitez has what you need to know before heading to the dealership.

Watch the report in the player above.