Quote:
Originally Posted by strat61caster
Neat another car to prove that enthusiasts don't buy new cars they say they will.
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2 things here.
1: I believe that the sub-prime lending trend for new car financing has created the new-car market to be a bit inflated. Once the car-loan crisis hits (like the home-loan crisis of 2008), new cars may be a lot more affordable. When I see people taking out 7+ year loans on a car I'm just shaking my head knowing that's not a sustainable reality.
2: So much [good] advice floating around about how buying a new car is
dumb dumb dumb. The new-car vs slightly-used car value delta needs to narrow some.
Bonus round: People are ditching compacts/sedans for trucks/suvs/crossovers and until gasoline starts to get really expensive I wouldn't expect that trend to change.