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A shortage of chips and other components have forced the likes of

Mercedes-Benz AG and

Volkswagen AG to rein in production, and the lack of new cars is trickling down market, adding more pressure on consumers grappling with surging inflation.

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Prices of used cars in Germany — Europes largest auto market — jumped 27% from a year ago in April, according to data from online car market mobile.de. The average of 31,801 euros ($33,450) is the highest on record.