Joker@sh.itjust.works to News@lemmy.worldEnglish · 14 days agoFederal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyapnews.comexternal-linkmessage-square38fedilinkarrow-up1129arrow-down13
arrow-up1126arrow-down1external-linkFederal Reserve cuts its key interest rate by a quarter-point amid postelection uncertaintyapnews.comJoker@sh.itjust.works to News@lemmy.worldEnglish · 14 days agomessage-square38fedilink
minus-squarePriorityMotif@lemmy.worldlinkfedilinkarrow-up1arrow-down10·14 days agoThat’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.
minus-squareJWBananas@lemmy.worldlinkfedilinkEnglisharrow-up11arrow-down1·14 days agoIt is not. https://www.cargurus.com/research/price-trends Used car price index Want to track used car prices over time? Select a date range and car type to see your favorite vehicles’ pricing ups and downs.
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.
It is not.
https://www.cargurus.com/research/price-trends