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Car Prices Might Be Unsustainable for Buyers
(www.wsj.com)
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this post was submitted on 22 Aug 2023
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Even smaller vehicles are getting ridiculous. The Honda Civic is a $30,000 car now.
Why do I only buy used cars?
I've been priced out of new cars.
Edit: I of course also drive cars basically until I can't fix them anymore (a high bar) though so it's not like I buy cars often lol
Used cars are also getting to be insane. Try finding a ~5 year old Camry or Corolla in good shape for for less than 25K (CAD)these days, even the supply of $500 rusted out Crown Vic’s is drying up. I’ve even seen 10+ year old cars going for between 15-20K in my area.
Anecdata: this is also screwing with insurance. My sister got hit in a minor accident, we were sure the car was going to be written off since it’s 7 years old and more than three body panels would be replaced. But, the car had increased in value by $3,000 since she bought it five years ago, so they got to repair and keep it.
Yeah my current car is a 14 year old Kia Rio Hatchback and when I checked how much I could sell it for the price has actually gone up since I bought it 7 years ago
This shit's crazy
not only tht but the civic is the size of an accord from the 90s now.
What the fuck?
The base civic is 24 USD.
Damn... What a steal....
I'll take a hundred at that price, then sell them, fix my house up, and go on a nice vacation.
For $24 that car is stamped with 1:76