• beastrabban@lemmy.world
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    7 hours ago

    I’m not an expert, and I’m just spitballing here, but I’d say it’s some combo of the following:

    • cars last a lot longer, a 200k mile car still might have a couple years of solid life left
    • inflation makes 2000$ now 4000$
    • everyone is hard up for cash and needs to sell stuff at the most possible amount of money
    • boomers are famous for considering everything they touch to increase in value
    • a ton of used cars are off the market due to gov shenanigans
    • the typical car is much pricier now, so the typical used car is also pricier

    anyone got any others?

    • auzy1@lemmy.world
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      3 hours ago

      Boomers were my first thought too.

      Particularly car enthusiasts often overvalue their stuff, and attack everything they won’t benefit from (like EV’s, or electrification).

    • percent@infosec.pub
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      7 hours ago

      gov shenanigans

      Was the “Cash for Clunkers” thing one of them? When that happened, I remembered wondering how it might affect the used car market later… But then I forgot to check until just now 🙈

      • beastrabban@lemmy.world
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        5 hours ago

        Yeah I’m sure it was.

        It’s a catch 22 though, the clunkers being removed were heavy polluters. I have a 60s C10 and that thing pollutes like crazy. Looks beautiful though.

        Other issues are the CAFE standards that motivated large expensive trucks and the general social change towards large SUVs. I hate those big crossovers, my wife has one and it’s a POS.

        • skisnow@lemmy.ca
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          4 hours ago

          the clunkers being removed were heavy polluters

          and got replaced with trucks that were twice their size, resulting in zero net gain