• JWBananas
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    English
    1015 days ago

    Did you see the used car prices a few years ago? They’re trending downward.

      • @[email protected]
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        fedilink
        115 days ago

        Inflation is the derivative, it’s a rate of change. It doesn’t say anything about absolute purchasing power. Past inflation contributed to raising prices massively. Currently, inflation is very low, so prices have stabelized to the new, higher level. To get them back down to pre-covid levels, you would need negative inflation (deflation), which most economists agree is a really bad thing. Instead, the goal must be to increase consumer purchasing power, by raising wages.

        • @PriorityMotif
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          115 days ago

          Used cars aren’t a commodity. Mileage and age of available used cars has increased. Value for your dollar is continuing to go down. It’s shrink flation.

    • @PriorityMotif
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      -915 days ago

      That’s sales, not prices. Sales are down because prices are up. For $27k I can buy a Toyota Corolla hybrid and almost a Toyota Prius. Used car prices are slightly down because people are trading in crap with 200k miles.