Why are used cars so expensive right now?
thehustle.co
Why are used cars so expensive right now?
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Re: Why are used cars so expensive right now?
#2I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.
Re: Why are used cars so expensive right now?
#3Objectively just about everything is abnormally expensive right now. Not just in the USA, but also Canada and Australia that I know of. Maybe other places as well.
Re: Why are used cars so expensive right now?
#4Supply and demand. That, and electronics needed for new cars are in such short supply because of supply chain problems.
Re: Why are used cars so expensive right now?
#5I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.
New car shortage was explained by a chip shortage. What is the reason new housing starts are not keeping top with demand?
Re: Why are used cars so expensive right now?
#6I’m considering buying a motorcycle in the next few months. I wonder if the same applies.
Re: Why are used cars so expensive right now?
#7I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.
New car shortage was explained by a chip shortage. What is the reason new housing starts are not keeping top with demand?
Zoning which prohibits or heavily restricts multi-unit housing in cities, and material shortages and high prices for steel and lumber which impacts new single family homes.
Re: Why are used cars so expensive right now?
#8Adding to the remark in the article about new and used cars being linked at the dealers: many new car dealers do not shop at auctions. They only buy used trade-ins partly to help encourage new car purchases ie the "four square" calculation they use.
So when their new car supply is interrupted upstream, that also interrupts their flow of used cars, so some dealer lots are a little thin on both new and used inventory at the moment.
Re: Why are used cars so expensive right now?
#9I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.
New car shortage was explained by a chip shortage. What is the reason new housing starts are not keeping top with demand?
> What is the reason new housing starts are not keeping top with demand?
https://en.wikipedia.org/wiki/Civil_Rights_Act_of_1968#Title...
But especially since https://en.wikipedia.org/wiki/Equal_Credit_Opportunity_Act
e: downvoters know I'm right ;) https://fred.stlouisfed.org/series/OEHRENWBSHNO https://i.imgur.com/kP8ugvH.png
Re: Why are used cars so expensive right now?
#10I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.
New car shortage was explained by a chip shortage. What is the reason new housing starts are not keeping top with demand?
We could discuss and debate the various reasons, but at least we'd have a shared basis for understanding the issue. There are other people who say that up is down, war is peace, and that producing new houses somehow also raises the price of houses!