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by g-b-r 852 days ago
Many people don't want second-hand cars
1 comments

What? Most people actually do want a second-hand car.

https://www.statista.com/statistics/183713/value-of-us-passe...

I've never bought a new car in my life.

A new car is great but loses on average 10% of its value as soon as it leaves the dealer's lot, and after 5 years, depreciates to 40% of its value. You can often get a barely used car for a lot less than its MSRP.

My current car lost maybe 10-15% off it's original price over the last 3.5 years and it's a Skoda. Mostly thanks to inflation and supply chain issues.
I guess the US are different from other places

In Europe plenty of people only want new cars