The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (8553)	2/12/2022 4:55:37 AM
From: elmatador	Read Replies (1) of 13801

Hi Bob! When someone stuck the finger into the market, it is bound to cause distortions. Staying with the theme that you are master of "...right now the average used car sold in the United States is selling for a 1.3% higher price than when new. These findings were discovered after iSeeCars.com compared the transaction price of new 2021 and 2022 model year vehicles against the used car transaction price of 2020 and 2021 model year vehicles." ... But nothing comes close to the Mercedes-Benz G-Class. Always a niche vehicle, the expensive G Wagen gets even more pricey if one is not willing to wait for a new SUV to be built. Lightly used versions are going for an incredible premium of $62,705 over new vehicles which works out to an increase of 35.6%. Price percentage increase over new: 35.6% The main cause for this reversal in pricing is the world-wide microchip shortage that has seen new car inventory dry up. https://www.autoguide.com/auto-news/2022/02/used-cars-that-cost-more-than-when-they-were-new.html The most expensive product is the one you do not have

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