Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn’t been true for years but it still seems pervasive in personal finance spaces.

  • John_Coomsumer@beehaw.org
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    1 year ago

    This is not true, the used market was still great pre-covid. COVID obliterated new vehicle pricing and availability, and naturally the used market followed