Podcast "are prices about to get better for car buyers"

[slo town]

The idea that 200 million consumers are going to agree on anything and act in concert is a bit optimistic.

Can't say that I disagree with you, but I think there will eventually be a tipping point. Let's hope that tipping point is confined to things like prices and not the dismantling of a civil society.

Scott

 

[grampi]

Maybe I'll watch later, but last summer I bought my Corolla as I didn't see how the used small car market would ever go back to normal. No one is making small cheap cars, and there are plenty of people (like me) unwilling to gamble on well worn older & bigger cars or SUV's so as to meet a price point.

After seeing my insurance bill I'd like to buy a 10 year old Mirage and have no collision on it, sheesh teen drivers are expensive.

Couple that with the rising number of uninsured drivers, insurance rates are only going to get worse...

 

[JeffKeryk]

Econ teaches us that a product's price will continue to rise until consumption drops to an unacceptable level.