Several car dealers in Colorado Springs are reporting sharp price hikes and a drop in availability of affordable used cars on the wholesale market in the wake of the federal government’s Cash for Clunkers program and the financial turmoil in the new-car industry.
The dealers said the effects are — or will soon — be visible on a car lot near you, in the form of slimmer selections and higher prices.
One dealer said every late-model used vehicle he’s seen lately on the wholesale market is $2,000 to $3,000 higher than it would have been a month ago.
Typical of government, help the rich at the expense of the poor. Libertarians all knew this was coming, not that we are happy to see it has happened.