Ready Dusty sends me a link to an excellent website, on which appears this lovely little piece:
An unprecedented thing is happening – and it isn’t the attempt to inject every healthy American with “medicine” (sic) their health doesn’t require.
It is that used cars are . . . appreciating.
Normally, they depreciate – a fancier way of saying they lose value. Traditionally, almost immediately – and ongoing. As you drive, the less it’s worth.
All of a sudden, used vehicles are increasing in value – or rather, cost. To a degree never seen before. The Manheim used car index – which works kind of like the consumer price index applied specifically to used vehicles – notes an almost 50 percent jump in the indexed value of the average used vehicle over the past year.
…and he goes on to analyze the situation, although Loyal Readers will know the depth of my agreement with this statement:
Part of the reason for the not-liking, arguably is because of the over-the-top electronic nannying that comes standard with practically all new cars. It has reached a degree of insufferability that is almost intolerable. Like having a horse fly constantly buzzing – just the right word – around your head.
Lane Keep Assist. Brake Assist. Park Assist. Blind Spot Assist. Pedestrian Detection Assist. Speed Limit Assist. Soon – probably – Diaper Assist.
Older cars lack “advanced driver assistance” technologies. They don’t attempt to countermand your steering or apply the brakes on your behalf or automatically shut off the engine every time the car stops moving. They don’t put the transmission into park because you tried to back up with the door open – in order to use your eyes rather than a camera and beeping electronics to see where you want to go.
As it happens, I’ve picked out the (secondhand and affordable) car that I want. It’s not an SUV, but a small-ish passenger car, with tada!!! a stick shift, very low mileage, and an extreme paucity of electronic doodads (rearview camera and traction/cruise control only). Also, it’s a known quantity: I’ve owned a couple of its like in years gone by, and it has acceptable performance (>150hp). There’s only one downside, but I can live with it.
Watch this space.