Covid's long term effect on the used car market, the prices of pre-owned cars has risen an average of 33 percent.
Of course, other factors are involved, including DEF type trucks vs pre DEF engines... a lot of people are increasing the selling prices of pick ups and semis that are pre smog requirement, or pre ELD for semis, because the demand is quite high.
The fedgovs inventing and printing of $5 TRILLION dollars during covid, reduced the value of the dollar by 30% thus increasing the price of everything.
meanwhile the fedgov claims the inflation rate, is 4%, while conveniently not inlcuding food and fuel costs in their inflation calculations.
The government " cash for clunker" program took a lot of good cars off the road and started the upward swing in used vehicle prices .
ReplyDeleteThe fedgovs inventing and printing of $5 TRILLION dollars during covid, reduced the value of the dollar by 30%
ReplyDeletethus increasing the price of everything.
meanwhile the fedgov claims the inflation rate, is 4%, while conveniently not inlcuding food and fuel costs in their inflation calculations.