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2023-02-19 Economy
Used Car Prices Continue Falling
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Posted by Besoeker 2023-02-19 06:44|| || Front Page|| [7 views ]  Top

#1 Yeah. Prices fall when people stop buying.
Posted by M. Murcek 2023-02-19 07:28||   2023-02-19 07:28|| Front Page Top

#2 prices falling but with interest rates up the financing costs are either level or rising
Posted by lord garth 2023-02-19 09:31||   2023-02-19 09:31|| Front Page Top

#3 That guy in the picture looks like a trustworthy sort, lol...
Posted by Raj 2023-02-19 09:42||   2023-02-19 09:42|| Front Page Top

#4 Automobiles are expensive and bad for the environment. Use government funded public transportation and save !
Posted by Besoeker 2023-02-19 09:50||   2023-02-19 09:50|| Front Page Top

#5 Used Cars was a hilarious movie. Kurt Russell was great.

Posted by M. Murcek 2023-02-19 09:57||   2023-02-19 09:57|| Front Page Top

#6 ^^ Palomino!
Posted by badanov 2023-02-19 10:05||   2023-02-19 10:05|| Front Page Top

#7 Shops I have seen are experiencing very poor business activity for repairs. Some say refunds will perk things up. Last year $40000 set aside to keep help didn't last long. Some speak of closing. Parts supplier said his commercial business was 6,000 a day. That is respectable but he has a niche client who does most of that purchasing. Now in some states you cannot renew your registration on an older vehicle.
Posted by Dale 2023-02-19 10:27||   2023-02-19 10:27|| Front Page Top

#8 Seems in today's world young people don't want a car, just use Enterprise rental. Many cannot afford to maintain cars properly. I remember a young lady driving a truck requested brake fluid because her caliper was bad. She could not afford a repair.
Posted by Dale 2023-02-19 10:31||   2023-02-19 10:31|| Front Page Top

#9 
BUT !!!
Will Auto Insurers also drop and return to Pre-Panic rates?

In our case, the Good Hands, after being with them accident free since 2004, became so greedy (a 12.5+/-% increase) we had to get Flo to now handle it.
Posted by NN2N1 2023-02-19 11:25||   2023-02-19 11:25|| Front Page Top

#10 I'll buy a new one when the repair costs exceed a loan.
Posted by Skidmark 2023-02-19 11:25||   2023-02-19 11:25|| Front Page Top

#11 Used Cars was a hilarious movie. Kurt Russell was great.

Agreed. Someone on Barstool Sports noted that this movie came out at the same time as Airplane! and probably doesn't get the credit it deserves because it got muscled out.
Posted by Raj 2023-02-19 11:42||   2023-02-19 11:42|| Front Page Top

#12 Trailing daughter #2 and her adorably tall husband have been working from home in Dallas since early in the pandemic. Once they were confident that was going to be a thing for a while, they gave up their second car. In March they’ll begin working from home in Chicago, in a neighbourhood within walking distance of all sorts of public transportation. She’ll fly to Dallas for the occasional in-person meeting, and may give up the second car if the cost of keeping it is greater than the cost of renting one when needed — neither of them is sentimental about such things, nor worried about possible disasters where private transport is urgently needed.
Posted by trailing wife 2023-02-19 11:52||   2023-02-19 11:52|| Front Page Top

#13 Now someone tell the insurance industry that. Oh, wait, maybe that's why....
Posted by DooDahMan 2023-02-19 12:15||   2023-02-19 12:15|| Front Page Top

#14 We gave up the second car when I retired. When there are conflicts, we rent - a few times a year. The one car seems to be nicer and traded in more often.
Posted by Bobby 2023-02-19 12:15||   2023-02-19 12:15|| Front Page Top

#15 We gave up the second car when I retired.

Don't come to my place, then. You'd get the vapors by the time you see the 4th 'second car' (which happens to be a relatively rust-free '79 K3500 carbureted 4-speed stick that starts and runs every time) in the shed.
Posted by Mullah Richard 2023-02-19 12:31||   2023-02-19 12:31|| Front Page Top

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