Used Car Prices are Skyrocketing

[Venom08]

Last year at this time, it was deals galore. Brand new 2019 GT3RS’ were going $20k UNDER msrp. Mercedes E63 AMGs with a few thousand miles were 30k under mspr at like $85k. Now these same cars with salvage titles are selling in the same price range. There has been absolutely no depreciation. It’s horrible. I honestly don’t think it’s a bad idea to buy a new car at this point, at least those prices have stayed the same for the most part.

[Venom08]

The funny thing is seeing used BMWs barely depreciating. Stagflation is a bish.

[i3oosted]

My truck is worth more now than when I bought it lol.

[JoshSP1985]

Carmax and places like it seem to be stockpiling vehicles. Wtf is going on.

[knightofday]

And its only just begun, wait till the inflation skyrockets for real.

What we're watching is our dollars be watered down in real time, the Fed is fuking us dry

[Krackerjacked]

It’s insane man. Sold my 17 z71 a couple of year ago for 32k and paid 36k new. Seen the same truck for sale now with more miles for 40k. It’s so dumb lol
Cars are about to be an investment for a little while. Really motivating me to pick up a dd after we close on our house.

[Jax05]

I keep hearing it's because the shortage of new cars when mfgs had to shut down due to COVID. But it still doesn't make sense. You'd think they would have caught up by now?

[gmenfan40]

The dealer I bought my car from keeps calling me, telling me about the used car shortage. My car is worth 3k more right now, than when I bought it a year ago.

[Venom08]

My dad sold his 2014 black edition Nissan GT-R with 35k miles for $60,000 about two years ago. It’s now worth almost $80k. Wtf. His 2019 Ford Raptor which he got for $70k in May 2019 is now worth about the same too. With 30k miles...

[lsiberian]

It's because of supply chain shortages.

[bsmit107]

My truck is worth more now than when I bought it lol.

This. Bought it with front end damage (all cosmetic)....Paid $9k for it, spent $2k fixing it. Could sell for $15-$16k no problem TODAY


Have 8k sitting in the bank for a "drift car" project....but by the look of things I need to up that by 3-5k for what I want. fuk

[Venom08]

Strange example: a 2018 E63 AMG with 22k Miles has been unable to sell for well over six months. They had it originally selling for $84k, then $82k, then $78k. In the past month they brought it up to $82k and as of right now, the listing is for $85,000! They’ve done the same with 2019 and a 2020 G63 AMG. They had them for $179k and $199k, now they’re both $195k and $219k. Insanity.

[SouthDakotaBrah]

2021 investment portfolio:
50% ford raptors
50% rolexes

[Venom08]

I thought that the hypercar market was in a bubble for the last seven or eight years. Looks like it’s trickling into more everyday models now.
March 2020 really was the best opportunity to buy anything

[pakmansc300]

- Low inventory of new cars causes dealers to stock up on used cars and no reason to budge on price
- Chip shortage causing issues for new cars and probably wont be solved untill late 2021 or early 2022

I was looking at these cars:
2017-2018 Camaro SS 1LE. Prices went from $29K-$34K to now $35K-$40K
2015 M3/M4. Prices went from $35K-$40K to now $40K-$45K

I don't feel like overpaying...

[RobParks2M]

I wanted to buy my wife a used car, but ended up buying her a new one. I looked at 2019 models vs the 2021 models and the cost difference was so close I think it was a $1,000 dollar difference srs. It makes no sense to me that a 2 year old 20k mile car is similarly priced as a brand new model that had additional technology shyt + sunroof+ better audio set up.

[Venom08]

Yeah I don’t understand it. I’m likely going to be purchasing a car this year and I like gently used...

[eternalone423]

My 2006 Yukon Denali is worth more than I bought it two years ago. I am literally driving it free right now.

Paid 5k for it. Can sell it for about 7k now LOL

And if I put it up for sell, it would probably sell immediately since no one can find clean used SUV's right now. Crazy man

[iifymbro]

'16 golf R I bought new for 37k, can get 28-30k on a trade in right now lol

[lntense]

Everything is skyrocketing in this economy.

I have a used car dealership and it’s insane how much I’m getting compared to this time last year.

Inflation is real boyos.

[5x10]

My 2006 Yukon Denali is worth more than I bought it two years ago. I am literally driving it free right now.

Paid 5k for it. Can sell it for about 7k now LOL

And if I put it up for sell, it would probably sell immediately since no one can find clean used SUV's right now. Crazy man

how many miles on it?
Is it the old body style (00-06) or the newer one (06+)?

[fishnbrah]

Can confirm

[GuineaDago585]

Perfect timing. I need a new (used) car! So should I jump immediately and try to buy ASAP or wait for the Summer when priced could drop?

[lntense]

Perfect timing. I need a new (used) car! So should I jump immediately and try to buy ASAP or wait for the Summer when priced could drop?

If anything prices may actually go up.

[eternalone423]

how many miles on it?
Is it the old body style (00-06) or the newer one (06+)?

00-06 200k

[SaviorSelfJT]

https://www.cargurus.com/Cars/price-...more%20rows%20

if you want to see some real data


I hate this time so fuking much. Everything is so expensive or scarce now. Houses, graphics cards, consoles, cars, lumber. Everything is fuked way worse than you think (srs)

[eternalone423]

https://www.cargurus.com/Cars/price-...more%20rows%20

if you want to see some real data


I hate this time so fuking much. Everything is so expensive or scarce now. Houses, graphics cards, consoles, cars, lumber. Everything is fuked way worse than you think (srs)

I have a house being built right now and I was pulled aside two months ago by the builder... he was a little upset that lumber costs skyrocketed shortly after I signed papers and they broke ground. Jakes on him, instant equity on my end.

[litljay]

Chip shortage is real. All of the manufacturers are stopping production on less profitable models in order to keep production on more profitable ones.

Just bought a new '21 Silverado. I was floored that Chevy was still offering a $4,400 rebate. No other wiggle room on price.

Tried to trade my '15 GMC Sierra with 103k miles in, but they offered $2k under blue book (they offered $24k, where low trade was $26k), so I didn't trade it. Came home and did the "KBB instant cash offer" and it came back at $28k. First dealership that called me (within 2 minutes of submitting the information on kbb.com) asked me to bring it in. They gave me $29k.

Crazy times.

[rootcon]

My 2006 Yukon Denali is worth more than I bought it two years ago. I am literally driving it free right now.

Paid 5k for it. Can sell it for about 7k now LOL

And if I put it up for sell, it would probably sell immediately since no one can find clean used SUV's right now. Crazy man

Except you have to buy a vehicle at the new prices.

[Underwrought]

ITT only a few realize prices aren't going up, your dollar is worth less.