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  1. #1
    Registered User q0c0p's Avatar
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    When do you think the crazy car market will settle down?

    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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  2. #2
    Who the **** was phone?! Robmnrd's Avatar
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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.
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  3. #3
    Top Tier Manlet Jasonw1178's Avatar
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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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  4. #4
    Manlet of Steel Exiled93's Avatar
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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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  5. #5
    Registered User HtotheOV's Avatar
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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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  6. #6
    F*ck Joe Biden Nocturnal310's Avatar
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    Originally Posted by HtotheOV View Post
    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
    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.
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  7. #7
    IMPERIAL CEO BOSU DoragonKingu's Avatar
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    Arrow

    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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  8. #8
    Registered User knightofday's Avatar
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    Originally Posted by DoragonKingu View Post
    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.
    If the chip shortage doesnt get extended...

    Plants in parts of Asia shutting down for 2.0 already srs
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  9. #9
    Tuna, No Crust Jax05's Avatar
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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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  10. #10
    Registered User HtotheOV's Avatar
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    Originally Posted by DoragonKingu View Post
    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.
    this is true in normal times but not now

    spoke to a VW dealer and they still don’t even have an ETA for 2022 models coming
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  11. #11
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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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  12. #12
    IMPERIAL CEO BOSU DoragonKingu's Avatar
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    Question

    What is causing this major shortage across the board for all manufacturers?
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  13. #13
    Prime Nip PharmD The Prime Nip's Avatar
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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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  14. #14
    Quadzilla ClivesTriceps's Avatar
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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.
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  15. #15
    Registered User Firefightn24's Avatar
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    Originally Posted by DoragonKingu View Post
    What is causing this major shortage across the board for all manufacturers?
    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.
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  16. #16
    mad hatter RobParks2M's Avatar
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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?
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  17. #17
    Registered User TugOfPeace's Avatar
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    Originally Posted by HtotheOV View Post
    this is true in normal times but not now

    spoke to a VW dealer and they still don’t even have an ETA for 2022 models coming
    I'm hoping that end of year will be decent as I've been looking to pick up an A5 or S5, but in Texas there aren't even any in stock, seems like I'll have to custom order, which I won't be doing
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  18. #18
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    Originally Posted by DoragonKingu View Post
    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.
    LOL. Near empty dealer parking lots all over the place. Even the sleeper cars are going fast.
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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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  20. #20
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    Originally Posted by Dec4y View Post
    Friend of mine got 12k off sticker on an M850i
    Location?
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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.
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    Originally Posted by greenleaf View Post
    Location?
    st louis. they gave him 70K for his 4 year old (MY 2018) RS5

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  24. #24
    IDDQD Austanian's Avatar
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    Originally Posted by DoragonKingu View Post
    What is causing this major shortage across the board for all manufacturers?
    A huge chunk of it is the CHIP shortage.

    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.
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    Ghosting on potential customers seems to be a norm these days at dealerships LOL.

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    Not until after the market in general corrects and settles down
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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.
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    Originally Posted by The Prime Nip View Post
    The chip shortage is here to stay. Prices will remain inflated because Bidan wants half of all vehicles sold to be electric by 2030.
    He’s 80 years old. He won’t make it to 2030.
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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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    Originally Posted by bov188 View Post
    Just a guess but here's a theory I have:

    - People are buying used cars at massively inflated prices with small down payments for 72 or 84 month loans
    - In 1-3 years when the market stabilizes (if it does) those cars will depreciate rapidly and everyone will be massively underwater on the loan
    - Government will provide incentives for people to trade in their gas cars for EVs

    I'm interested to hear other theories/opinions tho
    Interesting. Repped.
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