It seems as though the dealers have become excessively greedy when the used cars are costing the same amount of a pickup or suv. And why are we paying such high prices for a used vehicle with 100,000 or more miles on it? Does this make sense to anyone???
2006-12-27 04:00:56 · 4 answers · asked by ace 3 in Cars & Transportation ➔ Other - Cars & Transportation
First off: supply and demand. These days the more fuel efficient vehicles are more in demand, and are holding their value better, than their gas guzzling counterparts.
Second: better quality vehicles. Consumers demanded them when they were new. Mfgers responded by making better cars. Now these better cars are finding their way into your used car lots and are holding their value nicely despite their high mileage.
So, if you're looking for some pricing conspiracy, blame it on economics.
2006-12-27 05:18:47 · answer #1 · answered by CMass Stan 6 · 0⤊ 0⤋
Supply & demand, inflation, increased wages and oil & gas prices have increased the cost of producing/making new vehicles and therefore used vehicles have increased in price because of this.
2006-12-28 12:10:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How about I answer a question with a question, and ask why are we paying so much for any depreciating property, as in paying a 1.5 million dollars for musty old depreciated cottage, whose original cost was 15,000 dollars. I'm seeing a need for some reforms in property evaluation.
2006-12-27 14:42:34 · answer #3 · answered by bradbrowne 1 · 0⤊ 0⤋
I think they are MAD
2006-12-27 12:04:25 · answer #4 · answered by cool_dude 1 · 0⤊ 0⤋