No chips (all in the hands of the tech industry, because everybody worked from home), car factories did not build new cars, chips need some time to be made and now everybody is driving again and needs a car (new cars are all out of stock so second hand car prices skyrocket)
… Covid blew the entire chain out of balance here
Can confirm. I’ve been checking the market at least once a week over the past 6 months for a certain uncommon make and model, hoping to find an okay deal. Prices have hiked up by 25 percent in that time. With less than 60 cars available at any given time, I can track how long individual cars stay online though. I find that the time to sell has gone up considerably. I do wonder if this is more in the heads of the car dealers than an actual supply vs. demand mechanism, at least for this particular model.
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Very good.
Bicycles are cheap y’all
No chips (all in the hands of the tech industry, because everybody worked from home), car factories did not build new cars, chips need some time to be made and now everybody is driving again and needs a car (new cars are all out of stock so second hand car prices skyrocket)
… Covid blew the entire chain out of balance here
Can confirm. I’ve been checking the market at least once a week over the past 6 months for a certain uncommon make and model, hoping to find an okay deal. Prices have hiked up by 25 percent in that time. With less than 60 cars available at any given time, I can track how long individual cars stay online though. I find that the time to sell has gone up considerably. I do wonder if this is more in the heads of the car dealers than an actual supply vs. demand mechanism, at least for this particular model.