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Well, the used car market has also been decimated Cash For Clunkers took a ton of used vehicles off the market Stricter environmental standards have also take
by bluefirebrand 1y ago
Well, the used car market has also been decimated
Cash For Clunkers took a ton of used vehicles off the market
Stricter environmental standards have also taken otherwise working cars off the market, by preventing used dealerships from selling them in general, and making it more difficult/more expensive to insure them
The days of buying a used car for 2 grand are long gone
- shrubble 1y agoAlso many used cars end up in eg Guatemala where the lower cost of labor means that fixing cars is cheaper.
- potato3732842 1y agoCash for Clunkers was important not because of the volume of cars it took off the market but because price points are sticky. Before C4C garbage cars that ran but probably needed something were "I want it gone, $500". After C4C the same vehicles sold at the C4C price and the price point has more or less stuck. It completely turned the beater car market upside down.