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As the used car market dries up, the price of used cars goes up. This increases the resale value of new cars, which lowers the net cost of buying a new car (bec
by manfredo 7y ago
As the used car market dries up, the price of used cars goes up. This increases the resale value of new cars, which lowers the net cost of buying a new car (because you will get more when you resell it). And the reality is, there's no shortage of used cars in America.
- cptskippy 7y agoWhich is interesting because US automakers pushed planned obsolescence as a way to reduce the used car market to lower the net cost of buying a new car.