Business News – 08-07-2021

Production issues cause used car prices to remain at high prices

  • Legacy automakers like Ford and General Motors have been forced to cut production of vehicles due to the semiconductor chip shortage this year
  • Ernie Garcia, the CEO of Carvana has said that the high used car prices will not start to fall until automakers can get production back to normal levels
  • In the second quarterof 2021, that average transaction price for a used car was $25,410 which is a 21% year-over-year increase

Employees at Frontier Airlines will now be required to get vaccinated or take regular tests

  • Along with United Airlines’ announcement vaccination mandates for their U.S. staff, Frontier Airlines have said their workers will have until October 1 to show proof of vaccination or regularly test negative
  • Due to the rapid increase of delta variant Covid cases, Frontier Airlines has decided to issue this new mandate

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.