In the market for a (used) car?

July 25, 2008

Consumers seem pretty tired of watching money flow endlessly out of their wallets and into their gas tanks.

I’ve read plenty of articles that say the sky-high cost of fuel has prompted some people to change their habits – that means more walking, taking public transportation, carpooling and downgrading from gas-guzzling SUVs to more eco-friendly options. (Check out this smartmoney.com article on why it actually may be smarter to hold onto that SUV).

Now reports are surfacing that the trend has spread to used economy cars, which makes great sense, but has had an unintended and expensive impact.

I’m all for buying a used car, but the increased interest in the market has made buying a fuel-efficient used car nearly as expensive as purchasing a new one, which seems to me like it’s really defeating the purpose.

DANIELLE ULMAN, Business Writer

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Posted by The Daily Record | Filed Under business, energy 

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