Used Cars Are the New Luxury Vehicles: 3-Year Old Beaters Now Cost Over $32,400

For generations of American drivers, the used-car lot was the escape hatch. New vehicles became too expensive, so buyers let somebody else eat the depreciation and picked up a three-year-old car at a reasonable discount. That bargain is disappearing. Pandemic production disruptions reduced the supply of vehicles reaching the used market, while years of rising […]