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15 Feb ’12
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those numbers are pretty sobering, 1995 dollars are adjusted to 2013 dollars
19 Feb ’12
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Car: Down 21%At least it costs less to buy a new set of wheels. Honda Accords have gotten cheaper.1995 273462013 21680
I think that's either an error or an anomaly. As I've said in another thread, trying to buy a used car is OUTRAGEOUS! And even if it is accurate, the near 100% increase in fuel costs (and probably maintenance costs) probably equates to an increase.
15 Feb ’12
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Yeah, I was kind of shocked by that, last year I was driving by a lot, they had a 2007 fj, same as ours, it was only like 1000 dollars less than what we paid for ours new, all thanks to cash for clunkers
19 Feb ’12
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KVR said
Yeah, I was kind of shocked by that, last year I was driving by a lot, they had a 2007 fj, same as ours, it was only like 1000 dollars less than what we paid for ours new, all thanks to cash for clunkers
A lot of people blame cash for clunkers, but I think it's more a sign of the economy. Cars have increased in price out of reach of everyday people. So now, instead of spending 20k for a new car, they're spending 15k for a used car. All the "new car money" is now being diverted to the used car market, inflating prices. Just my half baked theory.
15 Feb ’12
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easytapper said
KVR said
Yeah, I was kind of shocked by that, last year I was driving by a lot, they had a 2007 fj, same as ours, it was only like 1000 dollars less than what we paid for ours new, all thanks to cash for clunkersA lot of people blame cash for clunkers, but I think it's more a sign of the economy. Cars have increased in price out of reach of everyday people. So now, instead of spending 20k for a new car, they're spending 15k for a used car. All the "new car money" is now being diverted to the used car market, inflating prices. Just my half baked theory.
I think that's part of it, but I know the manager of the used car lot in question and commented to him how shocked I was about the price, and he specifically said it was because of cash for clunkers, it wiped out a huge portion of the used car inventory in the US
19 Feb ’12
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It did wipe out a huge portion of the inventory, but in theory, that would have been the low end market. The sub $2000 market. That doesn't explain why a 2001 Honda Odyssey with 186,000 is $12k in my opinion. But maybe I'm missing something. I never claimed to be smart. lol
15 Feb ’12
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I think with the sub 2000 being wiped out, the population that normally bought those had to buy the sub 5000 stock, which forced that group to sub 10,000, it created a domino affect, but also due to supply and demand, it increased prices from what I gathered
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jonathco
12 Oct ’12
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Sad isn't it? Cash for Clunkers hurt all of us who do not buy our cars brand new. I am looking for a <$4k truck right now and it's pathetic out there. I have a friend who owns a junkyard and he said it really hurt them (since the clunker cars all had their engine blocks filled with concrete to prevent resale).
Prices on everything are going up and the dollar is worth less each day (as we attempt to print our way to riches). Good times.
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