When Will Used Car Prices Go Down?
It isn't news to anyone who has shopped for a used car in 2022: The price of used cars has soared to record highs. According to the U.S. Bureau of Labor Statistics, its used car index, which tracks used car prices, has risen by 42% from December 2019 to October 2022. The free-market used car arena is built on the foundation that sellers can sell cars for the maximum amount buyers will pay. At this point, buyers are showing willingness and ability to pay astronomical prices. Used car prices shot from the first to the tenth floor like an elevator. They're likely to descend like an escalator, and a very shallow one at that. They may never reach the ground floor again.
rioters have set fire to at least 24 cars in the French provincial town of Alençon and fought violent clashes with the police. © Jean-Francois Monier/AFP/dpa rioters have set fire to at least 24 cars in the French provincial town of Alençon and fought violent clashes with the police.
First, the officials arrested two occupants of a car in a problem area of the Normandie city on Tuesday, the BFMTV broadcaster reported on Wednesday, referring to the police. The passenger was searched for with an arrest warrant, while the driver opposed the police and called riots. In the evening, dozens hooded cars and garbage cans in the district, destroyed bus stops and threw the police with fireworks. Nobody got hurt.
The fire brigade was only able to fight the fires after the police advanced to the district with alarmed reinforcements. The rioters blocked access roads with fallen cars, the newspaper “Ouest France” reported. Local residents in a hurry brought their cars to safety before the outbreak of violence. The background to the violence that did not break out for the first time in the district is the police's approach against drug dealers. These mobilize to violence to intimidate the law enforcement officers. There were initially no arrests on Wednesday night.
How To Find Cheap Cars for Sale in Toronto .
Are you thinking about buying a new car, but have a tight budget? You may want to start looking for cheap cars for sale in Toronto. While the automotive market in Canada has boomed in recent years, so has the used car market. Choosing a cheap car from the aftermarket makes sense, provided you have the vehicle in drivable condition. Even when you shop around for a used car to benefit from its depreciated value, you cannot possibly overlook safety and comfort. Between auctions, classified advertisements, and junkyards, you need to prioritize the driver’s safety.