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Price of used cars drops sixth straight month, falling 8.8% in a year

submitted by shitface9000 to cars 2.3 yearsJan 18, 2023 11:33:45 ago (+12/-0)     (www.washingtontimes.com)

https://www.washingtontimes.com/news/2023/jan/17/price-used-cars-drops-sixth-straight-month-falling/



7 comments block

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[ - ] AugustineOfHippo2 5 points 2.3 yearsJan 18, 2023 14:39:19 ago (+5/-0)

What a crappy article. Show me a graph of used car prices over the past 5 years. How much did they go up, and how much have they gone down? This is like Biden claiming to have lowered gas prices when they are still higher than typical inflation would have produced. Show the trend over a relevant period of time.

[ - ] SilentByAssociation 0 points 2.3 yearsJan 18, 2023 22:01:34 ago (+0/-0)

I feel like Zero Hedge had such a graph in the last 7 days or so...

[ - ] Fascinus 2 points 2.3 yearsJan 18, 2023 13:45:04 ago (+2/-0)

[ - ] BoozyB 1 point 2.3 yearsJan 18, 2023 17:38:15 ago (+1/-0)

Yes, crappy article.
Worth mentioning, car repossessions are way up and adding to the inventory.

[ - ] SkullFuckerSupreme 1 point 2.3 yearsJan 18, 2023 14:25:20 ago (+1/-0)

All the people that bought cars with their COVID check are selling them for drugs or food.

[ - ] Gowithit 0 points 2.3 yearsJan 18, 2023 14:39:55 ago (+0/-0)

Please.. the cars and the boyfriends they bought those cars for are long gone.

[ - ] fnbs 0 points 2.3 yearsJan 18, 2023 16:07:17 ago (+0/-0)

Because we're in a recession, inflation is double digits, and less people are buying used cars, its called supply and demand