(The Center Square) – The microchip shortage responsible for bottlenecking the production of new cars has been a boon for the used car market.
However, the lack of available new vehicles also has created a greater demand and thus a scarcity of quality used vehicles.
This has driven up the cost of used cars and trucks, which has also increased the sales tax collected on used vehicle transactions.
According to an iSeeCars.com analysis of 1.2 million used car sales nationwide, the price of used cars in Minnesota has increased 12.4% year over year, ranking the state as the sixth-lowest price increase for used vehicles in the nation. more here
I took money out my IRA (before Droolbucket Joe completely tanks the market) and bought a new Oyatota nipwagon just before Memorial Day. Gas engine, very nice car. Of course, the new cars spy on you something awful; where you’ve been, how fast, how many sudden accelerations, and how many hard braking and cornering events. I disabled a lot of it, but I have a feeling that all that telemetry is still being sent.
The truth is: EVERYTHING has has a PRICE JUMP; from used cars, gas, water, electricity, food, household items, clothes, TAXES, education, transportation, prescriptions, restaurants, healthcare and every thing else.
A BIG thank you to Dementia Biden and the socialist democrats for their communistic economic policies.
I’ll bet Hunter Biden is having to pay double for sex workers, that’s how bad it has gotten.
Finally! Something I own is worth something! 🙂
Imagine that, idiocy is expensive.
By the way, a buddy was attending a wedding and the cost of renting an economy car for the trip to the wedding for a couple days was astronomical. HE rented a truck form Home Depot for something like $29/day plus mileage and he and his wife showed up at the wedding in a box van with Home Depot on the sides.
Rental car companies sold off half their fleet in response to the lockdown.
Wild Bill: Carburetor and points for me. The old f150 super light runs great and she keeps secrets.(super light is my polite way of saying rust falls off when driving over the rail crossings)
Cash For Clunkers was such a good idea. Thanks, Barky
@Huron, I think I bought one of your vehicles siblings. I did buy it over there. Ex maintenance truck from Nova Chemical. Low miles, runs like a top and looks like hell.
Different Tim JUNE 18, 2021 AT 5:48 PM: Did you get the free flashlight respirator and gloves behind the seat? Oh and the obligatory tyvek coveralls too.
I went in for an oil change and they offered $2000 over blue book for my car on trade in. It was worth the trip.
All of my vehicles are old as shit… from 1967 to 2001.
Yeah, 2001 doesn’t sound like an old year, and neither does 1967, but as far as automobiles go that’s a lot of maintenance and repairs over the years.
Keep them going. Most of the time it’s not too hard (knock on wood).
Never tell the truth about how much you paid for a used car. If you do, you’re a fucking moron.