The article goes on to explain a unique similarity between these 5 cars. But - before reading the article - can YOU tell what these 5 cars have in common?
Unintended consequences of “Cash for Clunkers.”
“We’re in a bit of a strange situation right now in that there simply isn’t a lot of used-car inventory out there,”...GEEEEZUS! They tore up 100,000,000 or more “Cash for Clunker Cars” and wonder why they can’t find any? Lord this government and the media is blatant in it’s deception (or stupidity).
Can agree with this. In the spring of 2011, I decided to trade my Ford Ranger for a user Chevy Silverado. Except there were no Silverados to be had. Anywhere. Several dealers told me the same story, “People really like their Silverado. They drive them till the wheels fall off or give them to a relative.” Others spoke of the artificial, but real, used vehicle crunch caused by Cash for Clunkers.
Finally, after eight months of looking, I found a 2004 model in cream puff condition. Best vehicle I’ve ever owned.
The reason there are no used cars for sale is that dealers do not offer a decent trade-in for your old car.
OH!!! They sell them for big bucks, but they don’t give you squat for your trade -in.
Lately I’ve thought to myself: “Take away the car ads from radio and TV and they are bankrupt”. It’s non stop here in NY.
Mr. Kronenberg, I think you’re nuts. You seem to think people should be happy paying 10-20% more for new vs used? After you repeatedly stress that many of these cars haven’t been redesigned in several years and you can’t tell new from used.
You even admit in the article, “The typical 2- to 3-year-old car costs around 30% less than its new counterpart.”
Sorry, can’t understand your logic.
I have gotten at least a dozen pleas from local Ford dealers to trade in my 2010 F150 FX4 for a new one, with a much lower interest rate. It would drop by payments by $20-50 a month, but keep that loan going another 6 years, instead of 3. I’m halfway to (prayfully) never buying a new vehicle for myself again.
I checked KBB last year and my 2007 Jeep, excellent condition, very low mileage, now has a higher resell value than what I paid for it in early 2008.
If I traded for a new(er), my personal property tax and auto insurance would increase significantly.
That’s funny, I just bought a 2013 Dodge Challenger R/T T/A. It’s a monster! The cars really do hold their value well.