this post was submitted on 15 Aug 2026
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The used car market today (lemmy.world)
submitted 1 day ago by laurenceOfSuburbia@lemmy.world to c/memes@lemmy.world
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[–] vivalapivo@lemmy.today 0 points 9 hours ago (6 children)

Why?greed or wha

[–] beastrabban@lemmy.world 2 points 6 hours ago (4 children)

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?

[–] percent@infosec.pub 2 points 6 hours ago (2 children)

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 2 points 5 hours ago (1 children)

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 1 points 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

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