Heard a radio blurb today about the price of used cars skyrocketing too. The conclusion was that people were eschewing mass transit because of the WuFlu.
Perhaps it's a similar thing with GA over airlines? And private aircraft version of Uber is emerging as a result as well?
My thinking is it’s part of the answer as well. With the well to do moving out of the cities, it’s logical to assume they’ll be looking for other means besides trains and subways for getting around since fewer exist where they’re moving, perhaps.
Used car prices are rising because Auctions are closed. It is hard to get used cars in volume and wholesale. So, most are coming through trade ins. It kills the margins.
I bought a car last week and had this very discussion with the dealer. I’ve know the guy for 30 years—our kids grew up together. So, I don’t think he was blowing smoke.
This is in the Northeast...