Quote:
Originally Posted by dpfarr
As home prices plateau, and even fall, what will the used car economy see? I see random cars 2014 370Z 32k. That’s stupid. Is it a function of inflation now that cars are that much? Is it based on supply? What’s the deal?
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Supply/demand. New cars got stuck waiting for chips and boards so people bought more used cars. Used car prices were already high-ish because cash for clunkers set a floor for true crap, but somewhat functional vehicles. Plus more people moving out of cities need more cars.