Economics
Second-Hand Economy Goes Mainstream as Shoppers Hit Supply Knots
- Call them vintage, pre-owned or used -- old items are hot
- Pandemic is changing how consumers view new versus used goods
A visitor looks at used cars at a dealership in Belfast, Northern Ireland.
Photographer: Liam McBurney/PA Images/Getty Images
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Until the pandemic, a new car almost always lost value the moment it left the dealership. That truism of Economics 101 no longer holds up.