Agree. A N=1 does not make this a trend just yet. And are there still some people who are impatient and naive? Sure!
But is this going to be the norm? I doubt it.

 

Seller lifted the reserve at $250K and posted it. That was a smart move.

 

Looks like an indie dealer bought it for flipping. Also kind of interesting that it was a 2 horse race from about 235k.

 

An indie dealer is going to try to flip it for over $100k? They better have a buyer ready to go because otherwise they'll be sitting on the car for a while.

 

All the flippers are listing cars at $300k or more so maybe this dealer figured they could score $20k with this flip.

 

So it‘s $280k PLUS auction fee PLUS tax? Wow!

 

Crazy got 100k over and 185k is by no means a loaded car.

curious to know how the 210-225k cars will do.

 

Are these flippers all businesses or dealers. Sales tax will eat into half the profit? I guess there is montana

 

If they are a licensed dealer they don't have to pay sales tax.

 

The 10 year yield is over 1.85% which is a 2 year high.
Retail sales were down 1.9% last month and Consumer Confidence is collapsing.
The "bubble" is popping.

 

LOL

 

You are not wrong...3-6 months from now we could be looking at a different picture.
Just don't stare at Kamala's neck for too long. lmao

 

Like I said, the bubble is popping.
SPX has lost nearly 300 points in just 5 days.
No one wants to be around for rate hikes or a War.

 

meh. The rate hikes under discussion are vastly too small to materially impact the GT car income bracket, and Ukraine getting annexed won’t materially effect either the US or Chinese economies. A lot of short term volatility no question. Take some profits, hedge some positions, sure. A 2008 style unwinding is neither likely nor desirable. The bubble popping makes everybody poorer. A little ADM is better than watching your investments, retirement and house all collapse in value. Assuming you get to keep your job. 2008 really hurt a lot of people.

None of this changes the fundamentals of Porsche making 1 GT car for every 10+ people who want one. 1 car for 5 customers is still the land of ADM and allocation games.

 

Agreed. Volatility is coming. What precisely is meant by a bubble "popping" ? What's in the "bubble" ? It's not difficult to find a few variables that support an incoming correction, but I don't think that auto translates to GT car buyers to stop buying GT cars and the excessive lists at dealerships to disappear or drastically shrink