Seems current inventory trends are mostly here to stay.
Another sensational article ignoring the reality on the ground.
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Correct. Only rich can buy new cars. The poors can only lease Pre Owned Porsche Macans.
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I don’t see a champagne chiller on the 2023 Rav4s 
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Haha!
I would like to point out that I only found the article worth sharing for the comments by auto execs on their purported supply strategies going forward.
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They all will change their tunes when the new car sales tumble & they loose market share.
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Sometimes the quotes in these articles make me scratch my head. Like the screen shot below where the guy wants a 2016 Accord for at most $16k but can’t find one for less than $19k.
If you are just looking for reliable transportation, once you get to the $16k range, I don’t think it ever makes sense to get a 7 year old car versus a new Elantra or Jetta. You shouldn’t have that much trouble getting a lower trim of either vehicle for $22k. Assuming everything else is equal the price delta is only $120 a month on a sixty month loan. And likely it’s closer to $100 a month considering lower rates for new cars.
Now $100 a month isn’t nothing. Except if you can’t afford another $100 a month you also can’t afford the $16k Accord. Because the chances of you needing to spend $3,600 on repairs over the first three years of ownership on a 7 or 8 year old car are not that low whereas a new car will have a warranty that keeps repair bills negligible for the first four or five years for a Jetta or Elantra respectively. And if you do get hit with a big repair bill, that is gonna get financed at 20% on a credit card versus a 5% or 6% new car loan.
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Underrated comment over here.
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do we have a Mr. Peanut or Monopoly Man meme format? would fit perfectly.
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Additionally, the transmission may have been costlier than the car is worth but cheaper than a new car that he can’t find. So knowing that just get the old car fixed.
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