Why do I think used car prices are going up?Used car prices track new cars prices. Thus used car prices are going to go up. I previously believed they would go down, based on my false optimism/hope. Not seeing any movement for years I have now seen the error of my ways. The difference between now and 2015 is that ten years ago car manufacturers were building cars that people wanted at a FAIR price. Now car makers are building cars people don't want at an UNFAIR price. What happened? How do the makers get away with it? Makers have realized that they will never be held accountable for collusion and price fixing and they have monopoly power. They probably feel foolish for not realizing this sooner. So much like our western democracy's governments they have stopped listening to their citizens/consumers. They don't care how you vote, they will do whatever they want. They know you have nowhere else to go. You the citizen/consumer is trapped. You will buy whatever they give you and you will be happy.Car makers have a monopoly and if they fail to sell their cars they will be bailed out by the government. What incentive do car makers have to actually serve their customers? Profits don't matter because of bailouts. Monopolists don't need to serve their customers, they give them a Hobson's choice.Hence, that's why used car prices are going to go up. I don't ever see them going down again unless we have some sort of accountability in car makers which I don't see ever happening in my lifetime; because the only thing car makers fear is the governments which they have captured through lobby/donations/bribes. Western democracies no longer listen to their citizens. How you vote no longer matters in these so called democracies. We are all slaves to the elite upper class oligarchs who enrich themselves at our expense. The governments ensure zero competition threatens their stranglehold.
bro wrote his yapology thesis
I am deeply troubled by this.
Used cars are a sellers market, and have only become more so in the past ten years. That’s why they’re expensive.In 2005, what options did people have to sell a used car? There were basically two: trade it in at a dealership or sell it privately. Most people went to a dealership because most people are kind of dumb, plus it’s sometimes not worth the hassle to sell privately. Now what options are there? Off the rope of my head: Car Max, Carvana, Give Me The Vin, Driveway, cars.com… Private selling is more than just Craigslist and the fucking newspaper. There are probably half a dozen websites dedicated to just used vehicles. Sure, a lot of this stuff existed 10 or 20 years ago, but it’s teach was tiny, and cars are also a cultural aspect in the US. All of these options have created a de facto bidding war. Over any given Saturday you could get 4 or 5 offers on a used vehicle and just sell to the highest one. The days of bending over and taking whatever the dealership will give you are long over. Cheap used vehicles aren’t coming back.
>>28216756>Why do I think used car prices are going up?Because most new cars suck.
>>28216837https://www.youtube.com/watch?v=1ZSLsSGRlGkExactly. This chud lays it out in his videos.
>>28216756>https://wtfhappenedin1971.com/
>>28217091https://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965sorry for the politics move it to pol if u like jannie
I just wanna buy from manufacturer
>>28216756During covid there wasn't as many cars manufactured due to chip shortage, so you have a shortage of new cars leading to a demand in used cars. This causes the price to go upNow, with the CAFE standards, new cars aren't being made that customers want. 20% of all sedan models stopped being made in the last 3 years.
