[riggins]

https://www.nytimes.com/interactive/2021/08/18/opinion/infla...

"In July, some of these sectors (used cars in particular) experienced a big deceleration in inflation, bolstering the argument"

https://news.yahoo.com/us-used-car-bubble-burst-141009925.ht...

"The price index for used vehicles rose 0.2% in July, after having risen at least 7.3% in each of the previous three months. The category was one of the few, along with hotel rooms and airfares, that drove recent inflation, the economist Paul Krugman pointed out on Twitter. “Combined, these three sectors account for…more than 1/2 [half] of inflation over the past three months,” Krugman wrote. In May, in fact, a full third of the overall price rise was due to the surge in used car prices."

[CrazyPyroLinux]

Regardless of prior academic work, Krugman's Twitter and NYT opinions are blatantly partisan rather than scientific. Whatever he says, do the opposite. https://contrakrugman.com/ (edit: slightly more specific and less ad-hominem)

[jtbayly]

Used cars have a natural price cap, and my understanding is that it has been reached. They are too close to the price of a new car to go any higher.

[lucasmullens]

Maybe, but with new cars being sold for above MSRP, that natural price cap is rising.

[nszceta]

The price of a new car is whatever the dealer is willing to let it go for. MSRP is a starting point, not the final price, which can be literally anything.

[el-salvador]

Not everywhere though. I recall Venezuela had unusual car prices about a decade ago.

Car dealership inventory was very low due to currency controls and wait times at car dealerships increased to months.

A slightly used car, inmediately available for sale, was more expensive one than a new one with months wait.

[cableshaft]

Yeah, I normally buy used, and this time I just bought new (technically I leased new, but it's the first time I'm leasing a car in my entire life), because it just didn't make any sense to me to buy a used car for almost the same price as a new car.

[the-dude]

If you can get a new car. In theory, a used, available car could be worth more than an unobtainium.