7.25.2008

THE PERFECT URBAN CAR GETS MORE PERFECT

I've waxed poetic about our family car, the 2006 Chevy Aveo, being the perfect urban car. It turns out it's also been a good retainer of value, in a world in which fuel economy matters more. A quick look at Kelley Blue Book told me I've lost less than 20 percent of its value in 2 1/2 years of ownership, an extraordinarily low depreciation schedule. Thanks to yet another installment in Greg Mankiw's "Cross-Price Elasticity of Demand" series.
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