Young adults aren't buying new cars. They can't afford it, as few are under 22 thousand dollars.
The average age of the new car buyer is 50
Hagerty Magazine Nov/Dec 2019 issue page 77
The average age of the new car buyer is 50
Hagerty Magazine Nov/Dec 2019 issue page 77
The other thing now, though, is that cars are so dependable, there are no really bad cars anymore, and in the 60s the used cars were functionally obsolete, they simply were not fast enough, nor was the suspension and brakes up to dealing with all the new paved roads. all the used cars today have power everything, AC, cruise control, decent stereos etc. and the used cars are dirt cheap if you shop around.
ReplyDeleteI recently bought a one owner 2002 4WD Jeep Liberty with 170K miles, in excellent condition with brand new tires for $550. I didnt need a 6th car in the yard, but wasnt going to pass that up.
traded it to a college student for sanding, priming and painting the ceiling and walls in my master bedroom.
also recently bought a one owner 006 4wd Expedition with every available option, 90K miles, for $4000. Thats what the Buick dealer was offering them as trade in value. Thats one of the ways to get a good car for cheap, if you know someone with new car fever, and you like the vehicle they are currently driving, when the sales weasel asks about trade in, have them say they are going to give the car to their daughter, or whatever. then when the final numbers are all agreed on, ask about trading it in, And call me with that number, I will most likely meet you at the dealer and buy it from you.
Ive gotten several very good cars for cheap, this way.
you can also get them cheap at auctions. Ive gotten a couple on ebay that were dirt cheap, and turned out to be great cars.