Boomers and Influencers buy mega expensive cars -> sold used to everyone else used.
And “everyone else” includes the very well off. Like my sibling, who works a great corporate job, has a spouse with a corporate job, good start, no kids, frugal and smart, blah blah blah… yet with all that, they still can’t justify a new car. They bought a used EV.
That’s an oversimplification and generalization, but you get the idea.
It just seems backwards. The people who need the cars for raising children or work are getting them second hand. For those whom it’s a luxury, they get it new. It feels like a big perverse incentive.
I think the problem is less that cars have gotten more expensive but that wages have consistently not kept up with inflation for decades now. I seriously wonder when the tipping point is where wages are so outpaced by costs that entire industries start falling over because there’s no demand
I’m more concerned that the car pipeline is now
Boomers and Influencers buy mega expensive cars -> sold used to everyone else used.
And “everyone else” includes the very well off. Like my sibling, who works a great corporate job, has a spouse with a corporate job, good start, no kids, frugal and smart, blah blah blah… yet with all that, they still can’t justify a new car. They bought a used EV.
That’s an oversimplification and generalization, but you get the idea.
It just seems backwards. The people who need the cars for raising children or work are getting them second hand. For those whom it’s a luxury, they get it new. It feels like a big perverse incentive.
I think the problem is less that cars have gotten more expensive but that wages have consistently not kept up with inflation for decades now. I seriously wonder when the tipping point is where wages are so outpaced by costs that entire industries start falling over because there’s no demand