MATT GEPHARDT

Gephardt Busts Inflation: Second-hand shopping, selling surge as Utahns try to beat rising prices

Sep 30, 2022, 10:40 AM | Updated: 10:51 am

SALT LAKE CITY — It is economics 101: If you don’t have enough money, you have two options — bring in more money or reduce what you spend. Data shared with the KSL investigators shows Utahns are doing both as they try to bust inflation.

Retro is the name of the game for stores like Rewind Vintage in Sugar House where you can find an assortment of ’80s and ’90s clothing gems. Retro is also the name of the game for folks trying to escape the pinch of inflation.

“We’ve seen a total shift and what our trends look like,” said Kirk Koenen, marketing manager for Deseret Digital, which runs KSL Classifieds.

He agreed to share their internal data so we could get a clear picture of whether buying used was helping folks get by. Indeed — page views from buyers are up 12% compared to just a year ago. That amounts to more than 32.3 million page views in July alone of people seeking secondhand items.

“As we’ve seen supply chain disruptions and inflationary pressure, we’ve seen a big change,” Koenen said.

What is being sought has also shifted. Instead of more classic classified items such as outdoor equipment like lawnmowers, big ticket items are way more popular. Refrigerators and freezers sales are up 18%, year-over-year. General appliances are up 11.4% and furniture up 8.3%

The data also indicates these tough economic times are leading more people to try and sell things they don’t need to bring in some extra cash. KSL Classifieds has seen a huge uptick in listings, more than 670,000 listings in July. That is up 10% compared to 2021.

“Utah consumers are really looking to save money and make a little bit of extra cash,” Koenen said.

KSL 5 TV Live

Top Stories

Matt Gephardt

Brenda White cookies...
Matt Gephardt

Gephardt Busts Inflation: Rent prices down nationwide but very high in Utah

All over the country, the cost of rent is finally starting to go down. But that is not the case here in Utah.
3 days ago
...
Matt Gephardt

Get Gephardt: Cybersecurity experts caution shoppers to take it slow while shopping online

For many of us, Christmastime is magical. For scammers, it’s especially magical. Here's what to beware of when shopping online.
9 days ago
Gephardt makes butter...
Matt Gephardt and Sloan Schrage, KSL TV

Gephardt Busts Inflation: Can you save money by making your own butter?

Prices for groceries are up, but the price we pay for butter is way, way up – to the point it will impact your holiday baking budget.
10 days ago
(KSL TV)...
Matt Gephardt & Sloan Schrage, KSL TV

Packed holiday flights: How SLC Int’l stacks up against US’s largest airports in delays and cancelations

Travelers, brace yourselves: holiday flights will be packed.
10 days ago
Jennifer Steele holding her daughters GPS watch. (KSL-TV)...
Matt Gephardt and Cindy St. Clair, KSL TV

Safety feature or distraction? Debate over kid-tracking watches in the classroom

A mom says it’s about safety. Her school says it’s a distraction. Where is the line when it comes to smartwatches in the classroom? KSL’s Matt Gephardt investigates.
15 days ago
Scammers...
Matt Gephardt

Get Gephardt: Received a package delivery text? Scammers are luring Utahns with fake tracking alerts

Utahns are getting targeted by scammers sending out fake delivery notices.
16 days ago

Sponsored Articles

house with for rent sign posted...
Chase Harrington, president and COO of Entrata

Top 5 reasons you may want to consider apartment life over owning a home

There are many benefits of renting that can be overshadowed by the allure of buying a home. Here are five reasons why renting might be right for you.
Festive kitchen in Christmas decorations. Christmas dining room....
Lighting Design

6 Holiday Decor Trends to Try in 2022

We've rounded out the top 6 holiday decor trends for 2022 so you can be ahead of the game before you start shopping. 
Happy diverse college or university students are having fun on their graduation day...
BYU MBA at the Marriott School of Business

How to choose what MBA program is right for you: Take this quiz before you apply!

Wondering what MBA program is right for you? Take this quiz before you apply to see if it will help you meet your goals.
Diverse Group of Energetic Professionals Team Meeting in Modern Office: Brainstorming IT Programmer...
Les Olson

Don’t let a ransomware attack get you down | Protect your workplace today with cyber insurance

Business owners and operators should be on guard to protect their workplace. Cyber insurance can protect you from online attacks.
Hand turning a thermostat knob to increase savings by decreasing energy consumption. Composite imag...
Lighting Design

5 Lighting Tips to Save Energy and Money in Your Home

Advances in lighting technology make it easier to use smart features to cut costs. Read for tips to save energy by using different lighting strategies in your home.
Portrait of smiling practitioner with multi-ethnic senior people...
Summit Vista

How retirement communities help with healthy aging

There are many benefits that retirement communities contribute to healthy aging. Learn more about how it can enhance your life, or the life of your loved ones.
Gephardt Busts Inflation: Second-hand shopping, selling surge as Utahns try to beat rising prices