Quote:
Originally Posted by piece-itpete
It was worse a little while back. I have good friends from way back before I 'made' it (although I still don't buy $13k cars!  ), some of their kids wheel and deal in cheap cars, for a while there they had a very hard time down in the lowest range. Not a shortage exactly, but to some degree, and prices went up, of course.
Btw, their preferences run to old civics or dodge dakotas
Pete |
A perceived shortage, a misconception fostered by people who used Cash For Clunkers to inflate the price of what they were selling. Most people driving $1,000 cars can't afford to buy new cars, no matter what program is being offered. Twenty grand for a new car is still twenty grand. People driving $1,000 cars trade them for $5,000 cars.
John