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Why are used cars so expensive right now?

thehustle.co

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Re: Why are used cars so expensive right now?

#11

Post by xeromal »

theshadowknows wrote: post #6

I’m considering buying a motorcycle in the next few months. I wonder if the same applies.

I haven't noticed a major increase in used motorcycles, but your mileage may vary based on region. I'm in Socal. I don't think motorcycles are as complicated or chip based to manufacture and motorcycles are mostly a luxury item in the US. You'll be fine!

Re: Why are used cars so expensive right now?

#12

Post by jeffbee »

theshadowknows wrote: post #6

I’m considering buying a motorcycle in the next few months. I wonder if the same applies.

Both used and new motorcycle markets are incredibly tight, at least in California where I have been looking. I went to the Honda/Yamaha dealer in Berkeley and quite seriously there were no bikes on the floor. Literally none. It looks from their website that they have a handful now, but none of the stuff they would normally try to have in inventory, like the Honda NC750, XR650L, CRF300L or other dual sports, so sports or supersports bikes, no Gold Wings.

Re: Why are used cars so expensive right now?

#13

Post by wvenable »

jeffbee wrote: post #2

I 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.

What about land? My house is relatively inexpensive, the land it's on is worth like 10x as much.

Re: Why are used cars so expensive right now?

#17

Post by neogodless »

wvenable wrote: post #13
jeffbee wrote: post #2

I 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.

What about land? My house is relatively inexpensive, the land it's on is worth like 10x as much.

The supply for land isn't great. The demand tends to grow over time. If there was a "new land" factory it could help!

Re: Why are used cars so expensive right now?

#19

Post by jlg23 »

wvenable wrote: post #13
jeffbee wrote: post #2

I 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.

What about land? My house is relatively inexpensive, the land it's on is worth like 10x as much.

Well, what about land? There ain't any new land. The supply is limited, well measured and it won't change much....
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