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Joined 1 year ago
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Cake day: November 12th, 2023

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  • Then why do people want a cheap small electric? It being electric changes the whole equation?

    Where’s the evidence people want compact electric cars?

    I know a ton of people that won’t buy new cars to begin with too, you don’t think the used car crowd loves cheap small cars?

    They are used cars for financial reasons not for preference. Further many people purchase a larger 3 year old used vehicle for the same price as a new small one.

    Is it possible instead of the demand not being there at all, its being diverted to used automobiles and so new car sales are skewed to more expensive cars and luxury cars?

    If small used cars were in demand then wouldn’t they depreciate less? There are fewer used Honda fits then civics yet they depreciate at the same rate. It appears the used car market preference is similar to the new.

    The working class does not buy new cars on the regular as far as I know. The median wage in america is what like 50-55k a year.

    Median household income is $75k. Though car size preferences don’t seem to change based on income.