We are looking for a used car right now. A basic sedan in the 2-years-old, 30k miles range is 20k+. Huh? It wasn’t that long ago that got you a new car. But I see the new cars going for 35k+. Yikes. No wonder sales are lagging.
100k miles is now considered ‘low mileage’.................
The jacked up prices don’t matter to the average consumer. It’s the “zero percent for 72 months” that hooks ‘em. I had a banker friend tell me the only thing his customers cared about was whether the monthly payment fits into their budget.