Car values dropping
08-01-2022, 01:19 PM
#331
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08-01-2022, 02:53 PM
#332
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08-01-2022, 02:55 PM
#333
08-02-2022, 06:22 PM
#335
Burning Brakes
Two nice Sport Package manual coupes did not meet reserve on PCarMarket today.....both in deal tank....the black with 34K? miles is a beauty....
08-03-2022, 12:55 AM
#336
I think prices won't increase no more but levelling off and some models I see prices are dropping and being marked down at stealerships. Will be interesting to see what will happen during Q3 and Q4 as summer will be over and will some people be putting away their P in their garage or taking advantage of the market in selling it while it's still strong.
08-04-2022, 10:34 PM
#339
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Values will remain solid/stable for "special" models (GT/RS and the current Targa Craze). Its a downward trend for the rest of the market.
A sellers market will begin to become a buyers market....the housing market is shifting in the same direction.
Higher interest rates will also hinder values. Inflation does not help either.
Many cars sitting for 6+ months here in NY.
A sellers market will begin to become a buyers market....the housing market is shifting in the same direction.
Higher interest rates will also hinder values. Inflation does not help either.
Many cars sitting for 6+ months here in NY.
Last edited by Graufuchs; 08-05-2022 at 08:38 AM.
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08-04-2022, 10:48 PM
#340
Race Car
He’s a pretty smart guy, and says to stay the F away from the $200k-$400k range of non-special super cars as they’re way overpriced. He says he’s worried about all the local dealers with heavy inventory of exotics that they overpaid for.
Guess we shall see. COVID hysteria is being hyped up again, so we could repeat 2020-2021 free money again.
08-04-2022, 11:50 PM
#342
How much off from msrp was prepandemic pricing? I’m going to try to do some average MSRP discount research based on completed sales to see what a “reasonably priced” car should cost for when I want to pull the trigger to buy
08-05-2022, 12:05 AM
#343
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Last edited by Graufuchs; 08-05-2022 at 08:36 AM.
08-05-2022, 12:17 AM
#344
So it really doesn’t matter how low prices go. It was better buying 5-months ago with the high prices and cheap loans, in most cases. Those opportunities are long gone. And everything is relative.
08-05-2022, 12:28 AM
#345
Local credit union is 3.5%. Don't finance with a bank.
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