Why Is It So Difficult To Buy a High-Quality Used Car?

Abstract: With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn?t a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid ?lemons? and why lemons are a larger problem for the used-car market.

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2016-09

Pages: 1-4