takemorepills
Well-Known Member
To pile onto the whole used car market fiasco.....
If anyone thinks traditional logic applies, go look at used car transaction prices.
Most cars under 5 years old are selling for their original MSRP.
Many cars less than 5 years old have been selling above their original MSRP.
Only the jankiest used vehicles have been selling below their original MSRP, however you may still be paying nearly double for that iffy vehicle than you would otherwise.
Even if/when a correction comes, it'll be slow. The less new cars made every year is a compounding issue for the future used car market, affecting prices for years.
If anyone thinks traditional logic applies, go look at used car transaction prices.
Most cars under 5 years old are selling for their original MSRP.
Many cars less than 5 years old have been selling above their original MSRP.
Only the jankiest used vehicles have been selling below their original MSRP, however you may still be paying nearly double for that iffy vehicle than you would otherwise.
Even if/when a correction comes, it'll be slow. The less new cars made every year is a compounding issue for the future used car market, affecting prices for years.