Wtf is going on with the Used Car Market right now?

[JuicyBruv]

all the prices are inflated . Everything seems way higher to cash out and buy 6 years ago I bought a 2008 fully loaded Honda Accord exl for 8k cash (86k miles) and now I’m looking for cars and the prices seem way more inflated and way too high for what the car is worth. Even reddit reviews I been reading people on the same whips have been getting the same deals like years back when the car would be counted as “a few years younger” or “less older if you will” . Anyone know why this is going on and when this will go away?

[IronProdigy]

Production of new vehicles halted for the past few months. Less money in people's pockets as well is going to influence buying decision.

[Bosko]

trucks are really bad...... 2 year old trucks 48,000 miles going for 85% of new retail

[pakmansc300]

Inventory is low right now because people are buying used cars left and right. People dont want to take public transportation.

There's also been a decrease in new cars as well, so these people aren't trading in their used cars for new cars.

[JuicyBruv]

Do you think that the prices will drop when new models come out and all the 2019 new models will maybe be sold with incentives and all that?
This is just so stupid that stuff costs this much now. I want to buy but in a few months I don’t want my car to be worth 3-4K less..

[JuicyBruv]

trucks are really bad...... 2 year old trucks 48,000 miles going for 85% of new retail

Yeah I saw that some trucks are up to 4K higher in price. Also read some dealerships are making 38% more in sales than they did last year same day.

Just need to know when to start looking again.

[Scarrdbutsmartr]

Inventory is low right now because people are buying used cars left and right. People dont want to take public transportation.

There's also been a decrease in new cars as well, so these people aren't trading in their used cars for new cars.

This ^^ Recent events have jacked new inventory which drove up used car prices. If/when things get back to normal the bottom will drop out of the used market as new inventory floods the market...

[fishnbrah]

I watch the online auctions all day, the prices are the highest they’ve ever been. But I can’t seem to sell ****.

[Ratfish]

all the prices are inflated . Everything seems way higher to cash out and buy 6 years ago I bought a 2008 fully loaded Honda Accord exl for 8k cash (86k miles) and now I’m looking for cars and the prices seem way more inflated and way too high for what the car is worth. Even reddit reviews I been reading people on the same whips have been getting the same deals like years back when the car would be counted as “a few years younger” or “less older if you will” . Anyone know why this is going on and when this will go away?

bruh, was that a v6 accord?

that 3.5L is dope

[JuicyBruv]

bruh, was that a v6 accord?

that 3.5L is dope

Yeah bro it was sick as hell. All leather sunroof v6 Navi 85k miles and it picked up quick as ****. All for 8k cash. (6 years ago)

For the price it was a awesome car all around .

[Ratfish]

Yeah bro it was sick as hell. All leather sunroof v6 Navi 85k miles and it picked up quick as ****. All for 8k cash.

For the price it was a awesome car all around .

my younger bro sold me one for 5k

still driving it lol

i hardly drive so it's still 80-something K

to answer your question, you need to wait a little longer until the real economic annihilation kicks in

we're not too far from megadeals srs

[FoxMcCocks]

Low supply/high demand due to Covid

[Ratfish]

Low supply/high demand due to Covid

but who was high supply due to all of the rental companies liquidating millions of cars?

[JuicyBruv]

but who was high supply due to all of the rental companies liquidating millions of cars?

Yeah I thought the prices were going to drop a lot

[LtGoose]

Low-ball the fuk out of them. When the fukers say "Absolutely not" you reply with "you trying to make money or not bit*h?"

Then when they agree, low-ball the fuk out of your original offer and say "that's for wasting my time"