The auto industry’s equivalent of the three-bedroom ranch with the charming backyard patio is a low-mileage car or S.U.V. Mayor Bill de Blasio, who gets around in an S.U.V., recently implored New Yorkers, many of whom don’t own vehicles, not to buy a car, saying they represent “the past.”Those fears might be overdone. Buying a used car does not increase the number of cars on the road, of course. If anything, part of the sudden mania for used cars stems from the yearslong rise in the price of new cars and trucks. On average, new vehicles now sell for about $38,000, more than many consumers can afford or are willing to pay.

Source: New York Times September 07, 2020 14:26 UTC