4 ms·
My early 2000s car went up in value by 30% according to credit karma last year. This should not be happening. Something is Broken.
by ixacto 5y ago
My early 2000s car went up in value by 30% according to credit karma last year.
This should not be happening. Something is Broken.
- sreekotay 5y agoThis one (used cars) is interesting. Combination of supply limitation and a large number of start-ups/VC money in the sector. It really is true today that buying a trusted used car is WAY easier than buying a new car. This has squeezed a LOT of the previous depreciation math out of the market (read: there was a huge arbitration opportunity)
- conro1108 5y ago> It really is true today that buying a trusted used car is WAY easier than buying a new car. Could you elaborate on this? Is this a recent development? I bought a new car in November 2020 and while I certainly don’t _love_ the dealership experience and I’m probably less uncomfortable with financial negations than your average person, it didn’t strike me as a particularly painful experience.
- ixacto 5y agoThe costco auto program makes buying a car pretty easy. Zero haggling at least.
- jude- 5y agoThe microchip shortage has impeded new car manufacturing, and car fleet operators are buying back fleets they sold during the pandemic to stay afloat. Give it a year.
- whb07 5y agoLol. Don’t you think it’s very linear and simple variable thinking with that comment? The car salesman won’t see the higher prices? The guy down the street won’t see the higher prices and ask for higher wages to afford the price increases?
- imtringued 5y agoIf everyone asks for a raise the economy will support a higher interest rate. I'd be more worried if there are people who can't get a raise because we haven't reached full employment.