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 #1
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08-21-2021, 06:23 AM #2
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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
(Haxball Username: "Jus' Saiyan...")
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08-21-2021, 06:54 AM #3
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 #4
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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 #5
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08-22-2021, 08:06 PM #6
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08-22-2021, 09:58 PM #7
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08-23-2021, 07:05 AM #8
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08-23-2021, 07:38 AM #9
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08-23-2021, 08:13 AM #10
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08-24-2021, 04:22 AM #11
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 #12
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08-26-2021, 12:52 AM #13
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08-26-2021, 06:09 AM #14
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08-28-2021, 07:13 AM #15
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08-30-2021, 09:33 PM #19
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08-30-2021, 11:54 PM #20
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08-31-2021, 09:56 AM #21
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08-31-2021, 01:10 PM #22
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08-31-2021, 09:52 PM #23
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09-11-2021, 08:36 PM #24
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 #25
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09-12-2021, 09:55 PM #26
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 #27
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09-15-2021, 08:00 AM #28
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09-15-2021, 09:35 AM #29
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09-20-2021, 08:30 AM #30
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