Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer
www.nbcnews.com
With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
  • CrayonRosary@lemmy.worldEnglish
    2·
    7 months ago

    Because the wealthy class has decided to invest in literally everything as a further way to extract money from the working class.

    Don’t forget foreign investment. It’s super cool of a government to allow foreign countries to speculatively invest in our housing.