The market for cars, especially used is crazy right now. I was in the market for a car but now thinking of waiting it out until next year to see if prices back down to earth. Anyone waiting or have an idea when prices will return to the norm?
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08-21-2021, 04:39 AM #1Registered User
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When do you think the crazy car market will settle down?
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08-21-2021, 06:23 AM #2Who the **** was phone?!
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It's regionally dependent. I'm already seeing prices lowering near me. Not back to where they were - that will take a lot longer everywhere - but noticeably decreased from ~4-6 weeks ago.
My amateur guess is the market will be back to non-stupid by the end of the year, and back to effectively normal everywhere in about 6-8 months.MISC Haxball Crew
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08-21-2021, 06:54 AM #35'3" 300lbs Fudge Rounds
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Factories shut down for a while. At first it was good because there was a problem with an overstock of vehicles which balanced it out but it went on too long. Even when it got restarted it took a long time for some parts companies to get back online. So production was limited. Yes, chip shortage was a big deal as most vehicles now have over a dozen modules. Pretty much back to normal now, but they have to get caught up.
I'd hold off on buying a car right now. Inflated prices, especially on used cars driving by quality problems on the new one's.
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08-21-2021, 07:41 AM #4Manlet of Steel
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I'm glad I bought my truck a few months ago. Still overpaid a little bit but overall happy with what I paid.
The ford dealer near me has a pretty stocked inventory but mostly newish used vehicles. The chevy dealer lot is dry as phuk. And I still see new f150s increased 1k or so over msrp for market adjustment lmao.
I wonder how many new cars are still sitting waiting on chips? I would stay away from 2021 models that have been sitting for months waiting on them.
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08-21-2021, 08:14 AM #5Registered User
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IF you can even find a new car now is the time to actually buy new. I’m seeing used cars 2-3 years older models running basically near new ones
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08-22-2021, 08:06 PM #6F*ck Joe Biden
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this guy on fb group just said he sold his 2018 mazda 6 for same price as a brand new top end trip 2021 mazda 6. you are right, nows the time to buy new cars.Originally Posted by HtotheOV
F*ck Joe Biden
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08-22-2021, 09:58 PM #7IMPERIAL CEO BOSU
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December should be an awesome time to buy, dealerships will be looking to finish the year strong moving units, plenty of left overs and offering special promotions, discounts and 0% financing.
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08-23-2021, 07:05 AM #8Registered User
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If the chip shortage doesnt get extended...Originally Posted by DoragonKingu
Plants in parts of Asia shutting down for 2.0 already srs
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08-23-2021, 07:38 AM #9Tuna, No Crust
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I think for the most part they're starting to level off, so hopefully over fall and winter we start seeing them go down a little.
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08-23-2021, 08:13 AM #10Registered User
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this is true in normal times but not nowOriginally Posted by DoragonKingu
spoke to a VW dealer and they still don’t even have an ETA for 2022 models coming
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08-24-2021, 04:22 AM #11Forza Italia
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I don't think will see used prices drop to a normal level until at least early 2022 when the chip shortage starts to alleviate
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08-25-2021, 04:55 PM #12IMPERIAL CEO BOSU
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What is causing this major shortage across the board for all manufacturers?
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08-26-2021, 12:52 AM #13Prime Nip PharmD
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The chip shortage is here to stay. Prices will remain inflated because Bidan wants half of all vehicles sold to be electric by 2030.
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08-26-2021, 06:09 AM #14Quadzilla
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I'm more worried about the performance aftermarket right now. I waited 8 months for cylinder heads for my big block, and I'm on month 5 of waiting to have a TH400 transmission built due to no parts availability.
Fck covid, the world needs to nut up and get back on track.Worst jew in the world.
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08-28-2021, 07:13 AM #15Registered User
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It's a huge chain reaction from COVID crap. Think of all the industries that work together to make something as simple as a microchip.Originally Posted by DoragonKingu
Being anti-2nd Amendment is like saying "We have too many rights, please take some away!"
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08-28-2021, 06:12 PM #16mad hatter
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Y'all gonna act like it gets better before inflation levels off?
If people didn't have money burning holes in their pockets would there be the huge demand we are currently seeing for vehicles?Fitness connoisseur
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08-28-2021, 09:06 PM #17Registered User
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LOL. Near empty dealer parking lots all over the place. Even the sleeper cars are going fast.Originally Posted by DoragonKingu
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08-28-2021, 09:08 PM #18Registered User
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Probably next year when everyone who needs a car should have bought one already and interest rate starts going in the other direction. Demand can't keep going up on a straight line forever.
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08-30-2021, 09:33 PM #19Drill Team
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Friend of mine got 12k off sticker on an M850i
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08-30-2021, 11:54 PM #20Registered User
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Location?Originally Posted by Dec4y
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08-31-2021, 09:56 AM #21Registered User
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Hopefully by mid to late 2022 prices come down for used cars.
I'm getting the itch to get a fun car.
Before the pandemic 2015-2016 F80 M3's were going for $35K-$40K, but now those cars are going for $45-$50K.Too Big, Too Strong, Too Fast, Too Good!
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08-31-2021, 01:10 PM #22Drill Team
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st louis. they gave him 70K for his 4 year old (MY 2018) RS5Originally Posted by greenleaf
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08-31-2021, 09:52 PM #23IDDQD
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A huge chunk of it is the CHIP shortage.Originally Posted by DoragonKingu
A lot of car manufacturers have mostly finished cars in storage lots all around the factories. There are other supply chain constraints and I think JUST IN TIME supply chain management is over.Finance Degree - USAF INTEL - IIFYM - Injured Crew - KTM XCW300 - Single Track Trail Rider - NRA Supporter - Shunned from MFC - Libertarian - Pragmatist
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09-11-2021, 08:36 PM #24Registered User
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Ghosting on potential customers seems to be a norm these days at dealerships LOL.
https://forum.leasehackr.com/t/what-...pricing/357972
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09-12-2021, 01:01 PM #25Registered User
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Not until after the market in general corrects and settles down
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09-12-2021, 09:55 PM #26Registered User
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https://www.ft.com/content/f55a1d96-...9-1a0fbaf57de6
Well it looks like BMW and MB are planning to keep prices high after the chip shortage ends by limiting new car inventory.
Manufacturers get more profit, dealers will get their mark up, and the customer loses.Last edited by pakmansc300; 09-12-2021 at 10:08 PM.
Too Big, Too Strong, Too Fast, Too Good!
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09-15-2021, 07:22 AM #27Registered User
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He’s 80 years old. He won’t make it to 2030.Originally Posted by The Prime Nip
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09-15-2021, 08:00 AM #28Methylaminopropane
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Can anyone explain what chip shortages and price hikes have to do with pimping electric cars? Aren't electric cars also affected by price hikes and chip shortages? Or is there something I'm not getting. Reps for answers.
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09-15-2021, 09:35 AM #29Methylaminopropane
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Interesting. Repped.Originally Posted by bov188
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09-20-2021, 08:30 AM #30Registered User
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2 years.
One year for chip production to catch up, one more year for new cars to come into stock at dealers. THEN prices will fall.
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