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More Than 80 Percent Of Americans Can’t Afford New Cars
(jalopnik.com)
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this post was submitted on 06 Oct 2023
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Good thing the supply of used cars can never be low leading to crazy high used car prices as well.
If they are to high just sell what you have. I can't imagine an average used car costing anywhere near 40,000 USD
Sorry, this sounds weird to me. If I need a car, but cars are too expensive I should sell mine to buy another? So if I have a beater on its last legs, I should not have a problem buying a working beater because my broken one will be worth more?
Try this same argument with houses, unless you don't plan on living in one the math does not work.
First time car buyers don't have any car to sell.
True but that's not the majority. Anyway you can always buy something cheaper. I would go for something that's hail damaged or messed up cosmeticly as the price for those will be much lower