Tuesday, May 16, 2023

Insane prices for new and used vehicles amid inventory shortages, and in a post-pandemic economy, have Americans driving their older cars for longer periods of time

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The average age of a passenger vehicle on the road hit a record 12.5 years this year.’ Even after automakers are able to return production to pre-pandemic levels, all of the other costs that go along with car ownership are only going to continue going up, so I do not foresee this trend ending anytime soon. The basic necessities of modern life are being rendered unaffordable and unattainable for the average person, and America is the most car-dependent nation on earth. Public transportation is virtually non-existent outside of major cities (or even within certain urban areas.) Infrastructure is collapsing all around us. How are people going to get anywhere when owning a car is no longer possible? Horse and buggy? {AP 5/15}

Copyright 2023, Arthur Newhook. @Sunking278 and @FloydEtcetera on TWITTER, and at the same handles on FACEBOOK. MASTODON - @ArthurNewhook@mastodon.world, and POST - @arthurnewhook.

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