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It's Almost Impossible To Find A Decent Used Car Under $20,000 (jalopnik.com)

submitted 1 year ago by Valdair@kbin.social to c/personalfinance@lemmy.ml

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Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

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[–] HobbitFoot@thelemmy.club 7 points 1 year ago (1 children)

Cash for clunkers and other programs killed the used market.

[–] John_Coomsumer 2 points 1 year ago

This is not true, the used market was still great pre-covid. COVID obliterated new vehicle pricing and availability, and naturally the used market followed