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

HobbitFoot , 10 months ago

Cash for clunkers and other programs killed the used market.

AProfessional , 10 months ago

That ended 14 years ago.

The car companies just moved up market, nobody cares about affordable cars.

Then inflation didn’t help.

HobbitFoot , 10 months ago

How old do you think the $5k cars would be if they were on the market?

AProfessional , 10 months ago

I won’t say it didn’t hurt, but the article is about 15k cars.

Valdair OP , 10 months ago

They do specifically list out the fraction of the market each price bracket constitutes though. This feels more specifically targeted at the kinds of PF advice that would say to look for a "decent condition low miles" beater for $5k. This shows that segment of the market literally does not exist anymore. The equivalent cars are now $15k+ which has VASTLY outstripped inflation from when I first started seeing that rhetoric (2010 or so).

John_Coomsumer , 10 months 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