Bark's Bites: Buying Your Next Car New Is Quickly Becoming the Smarter Choice

There’s been a slow, yet steady change in the automotive marketplace over the last eight years, and you, the consumer, have been the lobster sitting in the pot as the change has occurred. The market has gotten significantly worse for car buyers. The number of franchise and independent dealers has been reduced by almost half. And yet, those surviving dealers have had an unprecedented run of year-over-year growth since 2008.

But as that growth has slowed in 2016, car buyers find themselves paying more money for used cars than ever before. We know that the typical American household can’t afford the typical new car sold in America, but we may soon be approaching a day when that same household can’t afford the typical used car, either. In fact, according to NADA Data, the average used car transaction price in 2016 will crest $20,000 for the first time in history, and will be 59.1 percent of the average new car transaction price of $33,903.

What does all of this mean to you? That buying used may not be the smartest financial choice you can make. In fact, it might not be very smart at all.

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Real-World Review: Fleeing Hurricane Sandy Across 8 States In a Rented 2012 Kia Sorento

So the Halloween Hooptiefest 24 Hours of LeMons at New Hampshire Motors Speedway went well, with the Rust In The Wind Saab-powered Nissan 300ZX taking a very improbable overall win, and we of the LeMons HQ crew were packing up the gear on Sunday afternoon and getting ready to head home… when we heard that all of our flights out of Logan— in fact, all flights out of the northeastern United States— were canceled due to ZOMG THE END OF THE WORLD IS COMING PANIC YALL!!!1! The plan had been to drive our rental Kia Sorento 70 miles or so to an airport hotel, spend the night there, and grab our flights early Monday morning. We got to the hotel in Burlington, Massachusetts, where we convened an emergency meeting of the very exhausted LeMons brain trust.

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Hammer Time: The Used Car Flood After Sandy, And How Not To Get Soaked

As collateral damage of Super-Sandy, stories are making the rounds of water-logged cars dumped on unsuspecting buyers by criminal dealers. Like many fake pictures posted on Twitter and Facebook, these stories are mostly made up, or pushed by new car interests. The dangers lurk elsewhere: In your neighbor’s driveway, on eBay, in the classifieds. Read this story if you don’t want to become a belated victim of Sandy.

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  • Redapple2 4 Keys to a Safe, Modern, Prosperous Society1 Cheap Energy2 Meritocracy. The best person gets the job. Regardless.3 Free Speech. Fair and strong press.4 Law and Order. Do a crime. Get punished.One large group is damaging the above 4. The other party holds them as key. You are Iran or Zimbabwe without them.
  • Alan Where's Earnest? TX? NM? AR? Must be a new Tesla plant the Earnest plant.
  • Alan Change will occur and a sloppy transition to a more environmentally friendly society will occur. There will be plenty of screaming and kicking in the process.I don't know why certain individuals keep on touting that what is put forward will occur. It's all talk and BS, but the transition will occur eventually.This conversation is no different to union demands, does the union always get what they want, or a portion of their demands? Green ideas will be put forward to discuss and debate and an outcome will be had.Hydrogen is the only logical form of renewable energy to power transport in the future. Why? Like oil the materials to manufacture batteries is limited.
  • Alan As the established auto manufacturers become better at producing EVs I think Tesla will lay off more workers.In 2019 Tesla held 81% of the US EV market. 2023 it has dwindled to 54% of the US market. If this trend continues Tesla will definitely downsize more.There is one thing that the established auto manufacturers do better than Tesla. That is generate new models. Tesla seems unable to refresh its lineup quick enough against competition. Sort of like why did Sears go broke? Sears was the mail order king, one would think it would of been easier to transition to online sales. Sears couldn't adapt to on line shopping competitively, so Amazon killed it.
  • Alan I wonder if China has Great Wall condos?