When do you think the crazy car market will settle down?

[Krackerjacked]

Thanks for sharing ^ Love the front you have on it and I just love GXs and LXs. That vehicle will probably outlive you if cared for well.

It definitely has potential to. Only has 134k on it too.

[_zman]

I’ve got an 05 gx470 on 35. Perfect for trips minus the fuel economy lol

I can only get so hard...

[Krackerjacked]

I can only get so hard...

Hehe ty men
It definitely stands out as most I see are on 33s. The color isn’t as common either and with the mods it screams “safari” vehicle to me.

[greenleaf]

I got a spam phone call from a dealer I visited many moons ago asking if I'm still in the market for a car. These guys are starting to beg for business LOL.

[mgftp]

I got a spam phone call from a dealer I visited many moons ago asking if I'm still in the market for a car. These guys are starting to beg for business LOL.

I just got one begging to buy a 2013 model I haven't owned in 10 years.

[SipNPiz]

Sold my 20 year old (2002 year) Honda accord for $6500 in less than 24 hours. The market is still insane for “cheaper” cars.

[Archaic2021]

Sold my 20 year old (2002 year) Honda accord for $6500 in less than 24 hours. The market is still insane for “cheaper” cars.

I wonder how much I could get out of my sh*t [] right now.

97 accord coupe vtec 5 speed. Interior is clean but paint is faded.

[ChaoticReignPbt]

Took 2 weeks to move my RS3 for what I paid for it almost 2 years ago. So enthusiast cars are still moving.

[MikeLowrrrey]

Was finally able to pick up a good deal on an upgrade. Sold my Honda Fit with 156k miles for $5000, and my 1999 Acura CL3.0 with 80k miles for $4000.

Got a 2012 g37x coupe fully loaded with <50k miles on it for 17k.

156k miles for $5000?

I wonder how much my 2001 GS430 with 185k miles would sell for. It's got some fender and truck damage, but it looks pretty clean outside of that. Need to find a junkyard somewhere.

[Austanian]

156k miles for $5000?

I wonder how much my 2001 GS430 with 185k miles would sell for. It's got some fender and truck damage, but it looks pretty clean outside of that. Need to find a junkyard somewhere.

Bluebook was $3800-$5300 for this model. Put it at $5000 thinking that would get $4500 offers. Someone just came and paid the $5000.

Looking around at private party sales it looks like a good clean and a coat of armor all will pay heavy dividends in the poverty market right now.

The Acura was the hard one to price. Bluebook said it was only worth $2,500, but it was clean low miles and a new timing belt. With how quick it sold I probably could have got $4500ish.


Glad to have the Infiniti now though. Always wanted a 370z, but the G37x was a lot more practical with my family size and the AWD for the snow.

[JosephVis]

Sold my 20 year old (2002 year) Honda accord for $6500 in less than 24 hours. The market is still insane for “cheaper” cars.

how many miles?

[SipNPiz]

how many miles?

Like 85k miles

[Midgetkiller]

Bumping this post in 4 months.

So, you didn't bump this.

Turns out I was right. Even more so, my new car is used (way) more expensive than what I paid for it new. Manufacturers aren't even speeding up production anymore, they are throttling. They are keeping these prices so they end up with similar margins at the end of the year for way less cars having been sold and delivered. Because orders are still coming in, despite outrageous delivery dates.

And so I sold my 330e. I sold it for 3k less than what I paid for it 2.5 years ago. That is INSANE.

Car prices as a whole are not coming down too much anytime soon. Maybe cuck mobiles that nobody wants, but for decent cars you are paying one hell of a premium. Someone I know ordered the same car I did, sold it after one month because people were offering 20k over what he paid for it new. As long as this trend continues, there is no reason for these prices to come down.

[Destor]

Prices still being too high and sales still moving should tell us the battle against inflation is far from over

If the Fed let off the brakes now, prices would likely shoot to new extremes just like it did back in The Great Inflation of the '60s-'80s

[_zman]

Idk about the new car market, but the used market for my luxury SUV continues to come down. Remaining patient crew.

[5x10]

Idk about the new car market, but the used market for my luxury SUV continues to come down. Remaining patient crew.

yeah, used is coming down
Still have tons of repo’ed cars sitting on lots as banks drip them into auctions

Carvana might be going bankrupt soon too, should help drive used prices down

[engj]

Idk about the new car market, but the used market for my luxury SUV continues to come down. Remaining patient crew.

I was looking at used prices for a car I was considering trading in last summer.

From what it would have sold privately for in September vs what it would sell for now Id say its down 15-20%.

[ymer]

So, you didn't bump this.

Turns out I was right. Even more so, my new car is used (way) more expensive than what I paid for it new. Manufacturers aren't even speeding up production anymore, they are throttling. They are keeping these prices so they end up with similar margins at the end of the year for way less cars having been sold and delivered. Because orders are still coming in, despite outrageous delivery dates.

And so I sold my 330e. I sold it for 3k less than what I paid for it 2.5 years ago. That is INSANE.

Car prices as a whole are not coming down too much anytime soon. Maybe cuck mobiles that nobody wants, but for decent cars you are paying one hell of a premium. Someone I know ordered the same car I did, sold it after one month because people were offering 20k over what he paid for it new. As long as this trend continues, there is no reason for these prices to come down.

Yes, I underestimated the stupidity of people and assumed normal folks would come to their senses earlier. But the only way to stop people from their own stupidity is to force them by making them simply unable to buy with interest rates.

I wasn't too far off anyway, you can see the jig is up, car salesman finally can't hide anymore that their sales are plummeting: https://www.reddit.com/r/askcarsales...h_of_december/

[vitabarre]

It might take at least another year. We had to buy new due to used cars making no financial sense.

[Krackerjacked]

Yes, I underestimated the stupidity of people and assumed normal folks would come to their senses earlier. But the only way to stop people from their own stupidity is to force them by making them simply unable to buy with interest rates.

I wasn't too far off anyway, you can see the jig is up, car salesman finally can't hide anymore that their sales are plummeting: https://www.reddit.com/r/askcarsales...h_of_december/

Is it jacked up that reading this makes me laugh?
Should’ve saved while they could. Couldn’t expect this insane market to go on forever.
Bring back big rebates.

[_zman]

Look into CPOs if you can as well. My APR will be 1% via the manufacturer, so I guess I won't be paying cash at that rate. Savings account makes 3.3%.

[Jasonw1178]

It might take at least another year. We had to buy new due to used cars making no financial sense.

For me a car is such a personal thing that buying used is a real compromise. Buying new, you get a brand new car, hasn't had anyone else in it to fart in the seat, you can be sure about maintenance and how it's driven. People don't even follow maintenance schedules and even when followed they are a joke. Even severe service is barely the minimum. Really hard to find a nice, used car. Dealer might package that used car as like new but it isn't. The crap I've seen lately.

Just LOL @ Used cars. They want almost the price of a brand new one still, and if you finance it the interest rates are too high.

I have a brand new car on order. on it's way in It's just a commuter car really, but pretty stoked about it honestly. I already rented the same model car for a while about a year ago. So it's that same car but with all the premium packages.

[i3oosted]

As long as it takes longer than a month to have a new car made, used car prices will stay elevated. They are preying on people that need one now and can’t wait, which are a lot of people. I have noticed a slight drop in prices but no where near the norm before COVID.

[_zman]

For me a car is such a personal thing that buying used is a real compromise. Buying new, you get a brand new car, hasn't had anyone else in it to fart in the seat, you can be sure about maintenance and how it's driven. People don't even follow maintenance schedules and even when followed they are a joke. Even severe service is barely the minimum. Really hard to find a nice, used car. Dealer might package that used car as like new but it isn't. The crap I've seen lately.

Just LOL @ Used cars. They want almost the price of a brand new one still, and if you finance it the interest rates are too high.

I have a brand new car on order. on it's way in It's just a commuter car really, but pretty stoked about it honestly. I already rented the same model car for a while about a year ago. So it's that same car but with all the premium packages.

You need to look into CPOs cuz you're misinformed. Inspection required to meet manufacturer standards. Have a mileage limit. All maintenance is completed before sale. Typically 2-3yrs old with 10k less than MSRP on $45k car. Owned by an old lady with 20k miles. You'd have to be dumb or not care about your parents money to spend 10k more for no reason. Not to mention the CPO would extend the manufacturer warranty longer than if you were to buy new. And all maintenance under the manufacturer warranty would be completed by the manufacturer before it even became a used car.

[Jasonw1178]

You need to look into CPOs cuz you're misinformed. Inspection required to meet manufacturer standards. Have a mileage limit. All maintenance is completed before sale. Typically 2-3yrs old with 10k less than MSRP on $45k car. Owned by an old lady with 20k miles. You'd have to be dumb or not care about your parents money to spend 10k more for no reason. Not to mention the CPO would extend the manufacturer warranty longer than if you were to buy new. And all maintenance under the manufacturer warranty would be completed by the manufacturer before it even became a used car.

I work at a dealership. I do CPO certifications. Well did until my new position but I know how it works because of my position. Manufacturer standards are kind of like "mil-spec" and if you know, you know. Right now, CPO vehicles are going for just about as much if not more than new because they argue the warranty actually extends longer than a new car (3/36 reg 5/60 powertrain) and the CPO brings it to 100K. Plus, I'm looking at going much further than any warranty period. I have my reasons for wanting new, but it's not the same as most people.

[freeburn]

Subaru still mailing me every other week offering 20 percent over bluu book to buy back my 2019 impreza hatchback

[Krackerjacked]

Subaru still mailing me every other week offering 20 percent over bluu book to buy back my 2019 impreza hatchback

Wish someone would offer that for my GX lol

[freeburn]

Wish someone would offer that for my GX lol

I'm due for service after Xmas. I know they will prob send a salesman over. I test drove a few cars there a few months ago and they have been houndinggggg me non stop. I drove a 2022 gr86 (basically a brz) and a 2022 wrx and I really liked them both. The only reason I haven't pulled the trigger is because I can't decide which I liked better or want more. I'd have to order a brz but they have a 2022 wrx speccd exactly how I want it so the temptation is real.

[Krackerjacked]

I'm due for service after Xmas. I know they will prob send a salesman over. I test drove a few cars there a few months ago and they have been houndinggggg me non stop. I drove a 2022 gr86 (basically a brz) and a 2022 wrx and I really liked them both. The only reason I haven't pulled the trigger is because I can't decide which I liked better or want more. I'd have to order a brz but they have a 2022 wrx speccd exactly how I want it so the temptation is real.

Wrx’s have always held their value super well
Haven’t looked into how well the Brzs do. Ive had 2 wrxs and they’re definitely fun little rides.

[Jasonw1178]

Wrx’s have always held their value super well
Haven’t looked into how well the Brzs do. Ive had 2 wrxs and they’re definitely fun little rides.

I love those cars and one reason they hold their value is the people who have them usually love them so not that many for sale and the owners don't hate them and aren't desperate to sell. Fleet companies haven't flooded the used car market with them. You won't find a lot of them at used car lots.

One thing just starting to happen is the fleet companies who were holding onto older/high mile vehicles due to lack of avalability are going to start dumping them en mass as new cars are becoming available. Base model mid grade cars are going to absolutely flood the market.