My early 2000s car went up in value by 30% according to credit karma last year.
This should not be happening. Something is Broken.
This should not be happening. Something is Broken.
The car salesman won’t see the higher prices? The guy down the street won’t see the higher prices and ask for higher wages to afford the price increases?
Combination of supply limitation and a large number of start-ups/VC money in the sector.
It really is true today that buying a trusted used car is WAY easier than buying a new car.
This has squeezed a LOT of the previous depreciation math out of the market (read: there was a huge arbitration opportunity)
Could you elaborate on this? Is this a recent development?
I bought a new car in November 2020 and while I certainly don’t _love_ the dealership experience and I’m probably less uncomfortable with financial negations than your average person, it didn’t strike me as a particularly painful experience.