
Bonus episode: Why prices fluctuate - the impact of interest rates on our lives
The David McWilliams Podcast
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The Demand for Secondhand Cars Has Slid - And So What?
The demand for secondhand cars went through the roof, not because people wanted to buy secondhand cars, but because they couldn't get new cars. So that's what you've seen this bizarre thing, which is that new car prices, which were always at a huge premium to second hand cars, have narrowed dramatically in the last two years. Cheaper secondhand cars are first time drivers, younger drivers, more or less. But if you're working out even if you have a part-time job and you're not paying food because your mom and dad are paying for it, chances are you probably have a bit of cash set aside. And then you take, for example, house price
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