I’m not so quick to blame Obama for this. I remember when I bought my 2006 Scion xB. I was going to get a used one, but they were almost as expensive as new. I considered new to be the better deal.
Almost Ditto. In my case, buying new *was* a better deal (by about a grand).
Didn't make any sense to me, either. But, I didn't look a gift horse in the mouth.
I blame his ilk. Over regulation of autos causes the new price to rise causing residential prices up. His cash for clunkers, however, removed a lot of the low end vehicles.
I see a lot of used cars for sale in people’s yards.
WHY? Because the dealers offer little or nothing for them and want to sell them for a premium.
Also automobiles are so expensive these days people are driving their cars until there is nothing left of them.
My old 95 Silverado has over 200,000 miles on it and when I went to look at new trucks I could not believe my eyes at the sticker price. For $35,000 dollars I can buy a lot of repairs, and my truck still gets as good gas mileage as a new one.
A friend bought a new Ford 250 with a diesel $56,000.
Try to find a truck with rubber floor mats and roll up windows these days.Todays truck is more like a luxury car than something to work out of.
Same with my Nissan frontier. New was the only way to go. Used small trucks almost sell for the same as new. There just aren’t any.