- Jan 12, 2020
Here we go-now we have to put up with "inflation rants" threads. Dealer rants have taken a back seat.
I suspect this new inflation cycle will draw a new line between the "haves" and "have not".
More like add napalm to a dumpster fire.
With the average American car at 9+ years old and insane used car prices...that means millions of people have just spent $5,000 - $15,000 on a new-to-them used car that is going to need major work within 24 months (alternator, starter, suspension, blown gasket, etc). At a time when supposedly xx% (I forget the number, but something significant) of people can't afford an emergency $500 bill.
And that was pre-covid. Not when everything from eggs to washer fluid have gone up 50%+ in 2 years.