Does that rule still work? I was looking for a car last year and used cars were more expensive than new ones, but for new cars the wait period was 6 to 24 months.
Yeah this is a trend in the past two’ish years, due to the component shortages. Basically, auto makers have a bunch of new cars on the lot, which are all undriveable because they couldn’t source the components for the dashboard. They had literal parking lots full of nearly-built cars, just waiting on one or two small chips to come in so they can finish building it.
So as a result, the used car market boomed. Used cars suddenly tripled in price, because nobody could buy new.
Does that rule still work? I was looking for a car last year and used cars were more expensive than new ones, but for new cars the wait period was 6 to 24 months.
Yeah this is a trend in the past two’ish years, due to the component shortages. Basically, auto makers have a bunch of new cars on the lot, which are all undriveable because they couldn’t source the components for the dashboard. They had literal parking lots full of nearly-built cars, just waiting on one or two small chips to come in so they can finish building it.
So as a result, the used car market boomed. Used cars suddenly tripled in price, because nobody could buy new.