Posted on 05/07/2022 2:08:33 PM PDT by blam
I think next year will work for me if they continue to fall. But my 2003 Buick Century is still going.
I think inflation is forcing people to follow the Cuban lead over the past seventy years. Invest your money in the junk yard used car parts market.
Just yesterday, had a local dealer offer me 20K for my 2014 Buick Regal GS with 53K =/- miles on it, so not sure on the “cooling” bit.
I was just looking at some cars at texasdirectauto.com yesterday and it seemed to me the prices were not as crazy as months ago.
it would be cool to build an entire 1955 chevy from reproduction parts.
I drive my 1993 Ford Ranger every day while my newer truck sits.
It didn’t beat the April 2020 print of -11.2% nor December 2008 of -11.5%, but those two periods were in full-blown financial crises.
***You mean to tell me that the authors do not acknowledge we are in a full-blown financial crisis RIGHT NOW?
The higher the death rate the more used cars on the market.
Probably because people aren’t buying them...
“But my 2003 Buick Century is still going.”
So is our 2000 Suburban. Only major repairs were rebuilding the differential and replacing the air conditioner.
My 2001 Buick Century is awesome. Bought it from my dear aged Aunt for 3,800 bucks when it had 45K miles. I will drive it for the rest of my life (or until I die or it starts costing me more than 1K/year to operate, whichever comes first).
I just did that very thing - picked up a “running core” engine for my pickup. It was the only one around, so I thought I should grab it now.
I’m planning to do a performance build, but at very least I have a spare.
I’m 78....have more miles on me than my car...which has 75000
I doubt the whole thing could be measured by amateur web sleuths, but I’d bet a portion of the demand curve going down is related to teenagers and young adults, who would normally be starting out in life and looking for those used cars, being so conditioned from the last two years of denied young adulthood experiences, just abandoning that portion of their lives and staying at home and living on their computers and video game screens instead.
The perverse incentives and largely undiscovered mental health crisis of the past two years are going to break a lot of assumptions that economists have about how people behave.
EXACTLY what went through my mind as soon as I read that line.
59 here, but I predict my 2001 century. Currently 87k, will outlive me!
Filling em up ain't easy either these days.
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