With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
Right, but only the first buyer gets to decide what’s produced. So someone buying new dumb pickups every two years is flooding the market with gas guzzlers and this results is much more waste than someone doing the same with Camrys. That’s not the same definition of waste that you used though, but I wanted to chime in because the new car buyers define the future used market.
Macroeconomically, it’s not wasteful because cars find new life in resale. It’s definitely wasteful to your pocketbook to get a new car every 5 years.
Right, but only the first buyer gets to decide what’s produced. So someone buying new dumb pickups every two years is flooding the market with gas guzzlers and this results is much more waste than someone doing the same with Camrys. That’s not the same definition of waste that you used though, but I wanted to chime in because the new car buyers define the future used market.