"while used car prices fell by only 2 percent to an average of $31,030."
This is simply not true--average used car prices are well under $31,030. They get these high numbers from car dealers who only deal in fairly new used cars as that is what is profitable for them.
There are a huge number of much cheaper, older used cars available directly from private parties--on venues like Craigslist.
Comments
"while used car prices fell by only 2 percent to an average of $31,030."
This is simply not true--average used car prices are well under $31,030. They get these high numbers from car dealers who only deal in fairly new used cars as that is what is profitable for them.
There are a huge number of much cheaper, older used cars available directly from private parties--on venues like Craigslist.
Also, a used Porsche 911 GT2 RS is a lot more expensive than a used Toyota Corolla. "Average" isn't the right way to look at this.