Used car dealerships emptied as people seek to avoid uber & public transit

[Demovictory9]

https://www.nytimes.com/2020/09/07/business/used-cars-pandemic.html?action=click&module=Top%20Stories&pgtype=Homepage

Consumers are snapping up used vehicles as second or third cars so they can avoid trains, buses or Ubers during the coronavirus pandemic. Others are buying used rather than new to save money in an uncertain economy, not knowing when they or their spouse might lose a job. Demand for older cars has also been fed by a roughly two-month halt in production of new cars this spring.

Across the country, the prices of used cars have shot up. The increase defies the conventional wisdom that cars are depreciating assets that lose a big chunk of their value the moment they leave the dealership. In July alone, the average value of used cars jumped more than 16 percent, according to Edmunds.com.

[LiberalFighter]

1. When posting about a news article it is best practice to paste an excerpt.