Quote:
Originally Posted by Nissandriver
The prices are still horrible. They may never improve much. The junk I would buy for $1500 several years ago is still at least $2500 now. That's better than $3000 for junk I was seeing 1-2 years ago.
I often wonder if Cash for Clunkers wiped out a huge portion of old cars. I've been looking for a decent B13 Sentra parts cars for years and I can't find anything worth buying. More than 10 years ago, I could never find a decent parts truck for my 1991 Toyota pickup.
Motorcycle prices are horrible too. I look at 250-400cc motorcycles and they want more money for those than most of the cars I have had. I've had several good/decent cars that I paid $3000-5000.
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Keep in mind inflation since 2020 is up about 25% for most things, meaning that a $3,000 car today is the same as a $2,250 car in 2020.
The cost to repair collision damage is way up, probably leading to more cars being written off as a total loss and sent to a wrecking yard.
New car supply still hasn't recovered completely.
My feeling is that we've got a couple more years until things return to "normal", although it could be a decade if we're serious about returning manufacturing to the US.