U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Recession

Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by rconti on Wednesday April 29, 2020 @03:12PM (#23022939)

Who buys them, then? Obviously someone is buying them new.

Frankly, as an American, the UK's car market seems nuts to me. The kinds of cars that folks get as "company cars" is laughable.

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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by ChrisRR on Thursday May 07, 2020 @08:20AM (#23102145)

I couldn't say for certain, but I feel like people in the UK run cars much longer than Americans as they don't do as many miles. It's not uncommon to see cars in the UK around 15-20 years old (often not older as there was a trade-in scheme years back)

The rule of thumb in the UK is a car gets about 10k miles per year and "modern" cars tend to last about 150-200k miles before they're not worth the repair costs.

For example, my car is a 2005 Focus which I recognise is older than most cars on the road, but costs me a couple hundred quid in maintenance each year and I have no intention in upgrading until it becomes uneconomical

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