More New Yorkers are buying second-hand cars to avoid having to use public transportation because of the pandemic, undermining efforts to reduce congestion in the city.
In August, the Manheim used vehicle value index reached an all-time high of 163.7 against 141.3 a year ago.
Rudy Blocker, a used-car salesman in Brooklyn, believes the surge in purchases was partly due to the $600 checks the government sent to the unemployed until the end of July.
However, sales of new cars have not increased soared.
Transportation Alternatives, a nonprofit working to take cars off New York, noted in September that traffic is down only 9 percent compared to last year despite most New Yorkers working from home.
The group warned that this development may turn the city into becoming an exhaust-choked, gridlocked, and crash-laden ‘Carmageddon.’”
Mayor Bill de Blasio has yet to lay out plans to prevent congestion borne of the pandemic.
A congestion charge scheme for midtown Manhattan set for January has been postponed until at least the end of next year.


Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 



