Manheim's Used Vehicle Value Index that tracks used vehicle prices sold at U.S. wholesale auctions increased 4.9% last month to its highest level since 2023.
The thing is, how much do we collectively spend on cars, infrastructure, and roads only for most cars to sit doing nothing 90% of the time? I don’t have specific numbers but it seems to me like if all of that money was spent on public transit then it would still be cheaper to have a tram coming by every five to ten minutes even in suburban areas with low passenger volume.
I don’t think it’s ever going to happen though given the lack of public desire and vested interests at play though.
The thing is, how much do we collectively spend on cars, infrastructure, and roads only for most cars to sit doing nothing 90% of the time? I don’t have specific numbers but it seems to me like if all of that money was spent on public transit then it would still be cheaper to have a tram coming by every five to ten minutes even in suburban areas with low passenger volume.
I don’t think it’s ever going to happen though given the lack of public desire and vested interests at play though.