Car Discussion Part 2
shailynn
They never tell you what you need to know.
Biggest statement in the article:
“ The average used-vehicle price in May was $20,426, up 4.9% from April and up 46.7% from a year earlier, according to the Manheim Used Vehicle Value Index.”
Check out this article from USA TODAY:
Average age of vehicles hits all-time high: Cars, trucks, SUVs getting older as used car prices soar
https://www.usatoday.com/story/money/car…
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I'll stick with my old cars for now until they are undrivable.
There is just no other car I'd rather drive right now.
I think the pandemic made folks think twice about certain large purchases. Many folks have held on to used cars longer.
If you aren’t commuting to your office each weekday - it will lessen your need for a vehicle - and it should help to keep your used vehicle miles lower.
Sadly, it seems hoarding is becoming more common. It may be a result of the early pandemic shortages of toilet paper and anti bacterial products. The recent pipeline outage showed that folks will hoard gasoline - even though it isn’t a safe practice.
I hope folks become less inclined to hoard things as we begin to emerge from the pandemic.
The car thing is possibly a return to a more reasonable understanding of a vehicle’s worth. Leasing may have driven too many folks to get a new car every few years - and their old cars were still very nice.
Then boomers, Gen x, and milennials grew up in an age of plenty and everything on-demand. Suddenly, for a year, you couldn't buy toiletries and cleaning supplies without driving 200 miles and maxing out your credit cards. That has been followed by catastrophic inflation plus job and housing insecurities. The impact on our national culture and generational paradigms is still ongoing.
I wonder if we will even recognize the landscape when thenduat settles.
I think about folks who lived through the Great Depression as well. I remember older relatives taking sugar packets home from the diner.