Used Car Market Update
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- Опубліковано 18 кві 2024
- Used Car Market Update
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People paid those crazy prices for trucks. So they’re 50% to blame.
Facts!
It’s ridiculous how many people drive full size trucks who only use the truck bed 3 times per year at Home Depot when they could have fit their pickup into any mid size suv
yo that fisker story is crazy, i wouldn't buy a EV, but if i am buying one i am buying a used tesla, and if someone put a gun to my head to buy a new EV, i am buying a new tesla, and if you pour gasoline all over me and threaten to burn me alive to not buy a new tesla EV, i would still buy ANY OTHER EV, than a NEW FISKER EV.
@@BrianPowell-bb1unright? Or they tow a little aluminum fishing boat with their Ram TRX when it could be towed by a Hyundai Tucson
Small Johnson = $100K Truck
I'm so glad I bought a brand new Subaru in 2019, paid it off, and my insurance rates have been going DOWN in Colorado. I pay about $550 every 6 months, which was cheaper than when I was in Florida. I will not be buying another new car for a while, and my next car in just going to pay cash for it, because I'm not dealing with these interest rates. I spend money on only the basics right now as I wait for the crash.
Nice
Great job
STI ?!?
I doubt the Subaru dealer would sell me a vehicle. I don't have white legs, I vote Republican and I am religions :)
@@oleradiodudea.m.4735 stupidest most idiotic thing i've read all day. You RANDOMLY managed to bring religion and politics into car talk... ingrate
I live close to a Cadillac dealership in Oklahoma that’s like a dealership’s dealership for Escalades. 3 years ago, their inventory was changing daily. Was crazy. Today, barely any are being sold. Same trucks on the lot and every dealership is stacked to the rafters with inventory. Sold my 2019 zl1 Camaro in 2021 for top dollar, bought a 2005 Volvo xc90 for $3000 and couldn’t be happier lol
lmao a badass zl1 down to a lame xc90? and you couldnt be happier? hahahah sure man, whatever helps you feel better
@@goler6477 zero car payments makes me feel great
@@patrickgagne8795 keep coping , just say you cant afford a zl1
@@goler6477 lmfao oh ok. Have a nice day
$3000 is a bargain right ?
I work in the business and what's happening now. All the pricing is slowly coming down. Antiquated values, I'm a subbuyer. Most stuff, especially high dollar trucks and suvs, are being recycled through the auctions. They sit on the lot for months get ran through manheim auction again. Rinse and repeat, some are no sales, many sell at a large loss. It's a hell of a thing to watch. The only reason they don't hit the auctiom at once is it would cause a much larger crash. The market is insanity. Lukcy is correct about the truck market it makes no sense. You almost can't rely on the comps. It's a hot mess.
Used car prices here in Colorado are still too high, and that's why a lot of dealers are going to the auction and coming home empty handed or they only purchased a small handful of vehicles to fill the holes on the lot. The vehicles around the $9,000 to $13,000 retail prices on the small Pot Lots have 150K and many have issues, they are still too much money. It's not so much about the high interest rates for the lower credit score folks who are always going to pay a premium it's the fact that many people are struggling pay check to pay check, they are paying 20% inflation which is approximately $1,000 per month MORE today to buy food, gas, goods and services than they were paying 2 years ago and the fact that needed money down to secure the sub-prime loans has disappeared because of the high cost of living across the board. Great show thank you! God bless -Larry G Loveland, Colorado
True.
You are 1 of the few people that actually say the say thing I say... people are living paycheck to paycheck the essential items are costing them $1,000 a month more then it did in 2022 I tried to tell my boss that he just looked at me as if I fell off the cliff and acted like a one-dollar pay raise will cover it (sorry but a $1 raise is only about $160 a month). Let that sink in.
$1000 vs $160 🤦♂️🙄
Glad to see Lucky call out the pavement princess truck owners. I love my fuel-efficient vehicle and rent a truck from Lowe's the 1-2 times a year I actually need a truck.
Trucks, once you buy one, that's all you want. Bought my first one some 50 years ago. Nothing but trucks since then. Just sold my '16 Silverado LTX, 115K miles, 6.2 engine, perfect, for $20K. Gentleman meets me at the bank with $20K cash in a briefcase. I asked the broker/buyer what he would do with it. He said 90% go to auction. I'm thinking that the auction blogs claim prices are terrible for used vehicles, so how is he going to make anything on this? I bought another truck, of course.🤷♂
Interesting side note.
Latest earnings reports from the hotel chains show that the economy motels are running 50% vacancies.
Whereas the higher you go up the food chain, the higher the per room earnings.
Man they’re still selling used Toyotas and Hondas for brand new prices . 2022 rav4 low miles 32k
What’s your market
And they will continue to as long as fools keep buying em’
Yes, this in Minnesota. I saw a 4Runner used with 5k miles for $49,000. I saw one in WI for 47K
Used 3rd gen Tacomas in socal are still going for msrp or higher, lmao
There are used 5th gen 4 runners early models going for over $16k ! Over 200k miles!!! The 6th gen was just introduced. The 4th gen still going for over 10k in some places too.
March 17 2024 I qualified for 4.9% for my 2021 rav 4. I don’t feel so bad hearing 13%average
Thx for another great video, Lucky. Here in the Atlanta area, it is mixed. Some dealers have seen the writing on the wall and are making deals to move cars while others are still asking for stupid money and expecting people to pay it. Like you said, it is frustrating but if you keep looking and waiting, the deals are out there.
Thanks for sharing
I’ve been calling around trying to find an aggressive lease on an F150 lightning, not enough of them have seen the writing on the wall.
Seen some softening in the classic car market. Prices came down a lot with private party lexus sellers. Still hard to find a $2000 used car that runs from private party. Used to buy these, fix a little and sell for a profit but thats gone for now. Located in Scal.
🤔 Think about this: how many of you are using phones with an OS that is 10 years old? How many OS are supported 10 years after their creation?
EVs supported service life is around 5 years. There's plenty of data that supports this.
“Kneecapped” Has been awhile since I’ve heard that one rolled off the tongue and Lucky here just pulled it off perfectly. 👍
Like a gangster!
@@miopazzotoddlytujuuuuuuuuujuuuuuuu7uuuuuuuuuuuuuuuuuuutuuuuuuujuuuuuuuuuuuuuuuuuuuuuu😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅u😅😅😅😅
When Lucky speaks..........I listen.
I am in the north east. Seems 5 years ago all kinds of people were buying new cars. And the dealers had all the special models out. All kinds of colors, it was like a hay day. Some of the coolest inventory from the automakers i have seen in my lifetime. Like reliving the 60s perhaps. Getting the hemis out, raptors. Beautiful new vehicles. A last stand a almost celebration. Before full emissions regulation took effect. Then covid hit prices started going up and never came down, It was great. 5 years ago. Amazing what was on the lots. Lot of people bought.
Not now. Its changed. All the more rare , show case cars and trucks are pretty much disappeared. The left is still way to high priced. People dont seem to be buying, lots are quiet. Its become sort of a stalemate between dealers and consumers. People dont want to spend 70k on a truck or car. Most cant afford to. Its eerily quiet. Sitting inventory. One dealer rolled pretty much everything in the lot shipped them somewhere else. Other dealers, back to the manufacturer. I dont know. But a lot of 60k-100k cars suddenly disappeared.
Nissan has done some mark downs. Perhaps the best priced anyway. Ram did a little mark down, not much. They sitting on a lot of 60k plus jeeps no buyers. Ford i have seen no real mark downs. Gm is marking down certain models, but still buried in expensive stuff no one will buy.
Toyota pretty much no change, little mark down on tundra. Everything pretty much selling at msrp though,
I did notice cheaper cars, Volkswagen jetta 22k, nissan versa 17k seem to me limited availability and are selling fast. The nissan lot is near empty of versa or sentra. They go out fast. The vw lot is keeping up better but the jettas for 22k are moving fast.
Everything else, seems much a stale mate.,
Even the construction companies who usually trade in every 3 or 4 years are running trucks from 5 or 6 years ago, or more. They aren't even trading with the business write off.
There is still buyers of the high end models. The more affluent. But they are rare and basically write a check out of their personal bank account. The ones that were buying above their means on long term loans with almost no money down seem to have been pushed out of the market. And this market is the "remnants". There was a lot more new cars driving around a few years back, and before covid than now. At least here. Subaru is selling lower models. The 55k outbacks dont seem to be moving. Nissan frontiers with discounts are still moving, a little. Ford., man i just dont know. There was maverick moving but that slowed. Ford has done some discounts on the trucks maybe 2k off. But its still not enough. People arent buying
I see dealers with 200 cars on their lot and the lot is getting bigger. Most inventory BMW, Nissan, CarMax, Chevy, Hyundai
I was surprised that Mazda 3 Select Sport $25.500 and dealers giving out discounts on them $500-600. Really looking to get one soon under %5.99
Austin Texas has been a tricky market as always. More expensive than the larger surrounding cities ( Dallas Houston ) but lots are full of cars..
Feel like I’m waiting for the crash that never happens
Are there a lot of new pickups like F150s going unsold? What percent are they on the lot? Half?
Thanks for this info! I check Bring A Trailer every morning. I am seeing 10-13 year old Mercedes (w/crazy low 6 - 20k miles) bring $36K - 38k all the time. Here in SE, PA. local truck ads for high mileage (160-320k) 2500 and 3500 trucks still in the $18 - 25K price range. Crazy prices for worn out IMO trucks.
What? Why? Who buys a 13 year old Mercedes for $36K?
@@KippinCollars better than a worn out truck
@@KippinCollars actually quite a few people are buying these! Guess the guys who wanted one can NOW afford it.
@@Gamesso1slO0l My opinion is that they’re equally bad, but I see your point. But saying “better” in this context is like saying I’d rather die from hypothermia instead of cancer. Both are bad, one’s just a cheaper way of dying.
@@Guido_Sarducci007 Yeah, I mean there's for sure people buying overpriced crap. I'd love to meet one of them and see all the other overpriced crap they own.
Its like most American have the memory of a hamster, i remember back in 2008 when everything crashed gas went up over $4, where i live (even now with inflated $$ its still $3.75)
tons of people started dumping their big A$$ gas guzzle SUVs and Trucks, for honda civic, toyota carola, and ford focus, then after 2012, all of sudden they seem to forget like the Hamsters, and got even worst asking for bigger and better SUV and TRUCKS, its almost like they can't have spare money in their hands for saving for retirement and emergencies, they must spend it on "LUXURIES" they really shouldn't be spending it on. I rather drive a 20 year old Honda, and have 6 figures in my bank account, than making 6 figures and be pay check to pay check.
Totally agree to this! 💯 Most of US is just living in debt of credit cards and car loans.
Midwest rural areas and smaller communities seem to be doing well in sales.
Because they have less competition especially non domestics
Not sure why everyone thinks it’s prestigious or smart to pay $100 per tank of gas, $50 per oil change, $700 for brakes. EVs need none of this. I own 2 teslas and in 4 years all I’ve paid for is tire rotation, windshield washer fluid and that’s it. Plus my cars have an amazing sound system, drives like a Lamborghini. Sure you have to plan accordingly when going on a long drive but we just fly when a trip is over 300 miles. While EV is not for everyone you clearly cannot disregard its benefits.
EVs eat tires and electricity and insurance aren't exactly cheap either. Not to mention the premium price for the vehicle itself. All of your "savings" will go out the window when it's time to replace that battery.
Rivian owners take note; what happened to Fisker owners shall happen to you
Friend of mine just sold his R1T and lost $40K lol
Unlikely
@@Hantovwhy demand has been saturated with supply. Who else wants extremely priced evs. If you do your buying new as your probably rich.
You can't save the planet by selling a handful of luxury EV to the top 1%.
Do not compare rivian to fisker!
There is $300K income limit for married filing jointly on the EV credits....which proves they aren't really serious about the so called "green initiatives".
You make $300k and want a discount ? Lol ridiculous
I watch you from Baltimore, MD. Thank you for your informative videos. ❤
My favorite topic indeed, Sir. Awesome video/ info. You are saving us money! 💰 🤑 💸 🙌
You bet!
You want to see an outlying vehicle?Try a 2013 to 2017 Honda.Accord, those things are like gold.Selling within a few thousand dollars of the price new with eighty thousand miles
Best car I ever had for getting around cheap was my 96 Toyota Tercel 4 speed manual 2 door coupe base model loved that car
You are right about small trucks. My son bought a 2008(?) Ford Ranger from someone he knew for $2500 a couple of years ago. Now people are leaving notes on his windshield asking to buy his truck.
Big money on small trucks
I was 100% going to buy a new (used so new to me) car. I got a decent promotion and have never financed a car. Had a decent down payment. I took one look at prices and interest rates and got an old hyundai with no mechanical issues instead. has heat, a/c works, upgraded the head unit to apple car play and never looked back.
Smart money. Keep on top of the engine, though.
Funny how no one will say that Tesla IS NOT the only brand with an accelerator pedal recall
I was in South Florida earlier this week and it seemed like every third car was a Tesla. Love em or hate em Tesla is selling a lot of vehicles.
Cant wait to see the car market crumble and get some buys in!!
When CARMAX announces that they are slashing all prices from 20 - 30%, then I will know that the market has turned and the profiteers have capitulated. Until then, it is just a painful slog driving the lemmings over the cliffs.
They rather go bankrupt selling them all wholesale at a loss than give anyone a deal
Been saving since January, ready to pounce next January
I see especially in LV a lot of ppl buying EV’s, but my question is when it comes to change these cars, the depreciation is terrible and a lot of these dealers don’t want them as trade ins THEN WHAT? I don’t see the upside of buying these cars🤷🏽♂️
If you plan to hold for many years, and can charge at home, then running costs (excluding insurance) of a used EV can be a good deal, especially as a second car for commutes and errands. Just negotiate well.
Great video and with an honest title.
Thanks!
Crate engines are getting more difficult to locate when you need the replacement.
Yes is particular true or long blocks.
Sooo true ! I’m looking for one for my 2008 F 150 now.
I’ve given up on buying a new suv for my wife and getting an auto loan altogether. I simply refuse to get a loan for almost 1k per month which is what the average is closing in on.
What I’m noticing some of the dealers are doing is offering the price with the potential $4K already reduced. I don’t particularly like that approach since it’s a slimy tactic because what if you don’t qualify or worse; they’re selling over $25K allotment from IRS & telling consumers that they’ll get the $4K anyway which is false. Dealers need to be updated the approach since not all consumers qualifies.
I've noticed prices go down quite aggressively in the past 3 weeks on more luxury models. I guess dealerships gave up after tax season.
Struggling to lock in a deal on a 2-3 year old 3rd row SUV. Im buying outside my area but cant compete with the demand they have in person in the Central US.
Same looking for a 2017-2019 Yukon XL with the V8.
Thanks for a great video. Excellent analysis, Carry On Sir.
Liked and subscribed because of the non clickbait title!
If new cars were a stock I would be short … used cars are gonna do a moonshot!!!
Thanks Lucky…. Pawn shops especially high end ones really reveal the truth… I expect boat prices under 60 feet to drop.
Does the tax season hitting affect the market as in artificially inflates sales due to people having more cash in pocket or does it have a minimum effect?
yes sir. its like a 2 month bubble
Only people who get money at tax season are lower income
Just grabbed a 99 chevy 1500 for $4200 from a wholesaler 4 hours south of us. Needed an extra runner truck for our business for the summer. Deals exist in the northeast just have to really look for them
I live in the Bay Area CA. My wife's 2014 Civic with 102k miles just went up in value compared to 3months ago. We just sold it for $10k. It was worth $9k 3months ago. What a crazy market.
from SC...looking for Titan PRO4X. 2024. seems the dealers aren't discounting these. yet this is a discontinued vehicle. I would think Nissan would have big incentives , but they do not..
In PA. They're having a hard time. I'm looking forward to car shopping
That person that bought a Fisker really must not have done any research. That company has been struggling literally the last year. Why anyone would buy a Fisker anything right now us beyond stupid.
They do it to look different / stand out from the crowd, and/or because they don’t like Elon.
Can you talk about the exotic car market, how is the pricing direction for those cars and has financing tightened up a lot as well?
Traded a mint 89 Corvette convertible & a nice 2000 Mustang convertible plus $110 for a mint 2012 Mustang convertible. Did it last day of March.
I bought a 2014 truck in 2014 and i won't sell it or turn it in. Truck prices are too high some what is par value to what I already have.
does the $4000 credit for used ev also apply to rebuilt title ev?
Hi - The used car market phenomena seems to not be affecting the auctions, or maybe I'm not understanding something. Cars, particularly SUVs, appear to be sold @ one price only to reappear the very next day at the previous close sale price! As if it was a stock! Hope your deal with Copart happens. Great useful, in the trenches, information. Thank you.
Good information thanks.
In CT found Lexus dealers to not offer deals as good as other states. Herb chambers in Sharon mass got us a brand new RX500h fully loaded for 8500 off MSRP.
CT has one of the strongest dealer associations in the country. It's an absolute dumpster fire to try to buy a car in connecticut.
I've been watching a 4 year old Mercedes locally here in Florida. It's been on the lot for 90 days and the dealer has reduced the price 7% already in that time. I'm going to bide my time and watch it come down further
Dude I’m legit waiting for these 2021-2022 GT500’s to somewhat drop in value but there is no budge.. these dealers are not even willing to negotiate! Low mileage cars still selling between $86-$93K non CFTP(Carbon Fiber Track Pack)
Bought my zl1 1le for 62k last year. Still holding the same value surprisingly.
I probably overpaid for my 2010 camaro ss, but I was looking for a very specific spec. If you're flexible with what you want, sports cars are coming down quick.
Hang in there - been looking at various cars (BMW 3, C8, C63 AMG) and I’m seeing dramatic price decreases the last 2 weeks. Eg a 2021 330i, was priced at 29995 end of March and dealer dropped to 25,205 as of today. That’s right around when inflation report came out and rated spiked. The market has started to tank. Something to keep an eye on.
AND my city friends who drive trucks, drive them like they are going to break. Like they are elderly and can't take a bump, eg entering a parking lot they slow to a crawl. You can tell they didn't grow up driving them in the country!
I am still waiting on 90's Japanese cars to go down. I wanted a nice coupe with a manual transmission but people are asking ridiculous amounts for them. Like i get it its supply and demand but for what they are asking, ill get something in better condition from a dealership.
The auction prices in Jax, FL are horrible. Cars are selling at 20% over MMR. Your lucky if you get it at MMR.
Yeah your right same thing going on in Texas. High prices in the auction. Southern states always overpay. If you look at ending prices 🆙 north like pa ,ny etc the prices have clearly dropped.
I hate MNR. I feel like it’s inflated numbers.
@@LuckyLopez777 it definitely is, so is that B.S. recommended retail sales price and KBB. It's all COX automotive monopoly.
Look at the bright side.
EV will depreciate so quickly, that you'll be able to get a lightly used EV for half off. I'm already seeing more Mercedes EQ and BMW iX on the road.
Buy Toyota and hold for 15-20 years!
The new ones won’t last that long.
@@RFJerseyhow do you know this... they haven't been out that long
@@distantyahoo It’s the nature of turbos.
I current have a 2011 F150 4x4 that I bought in 2021 at 88% LTV, priced at $20,000 with 136k miles.
I have been trying to upgrade to a newer truck for a year and a half with absolutely no luck, as unfortunately the truck I have now is worth $7500 to dealerships.
I have been approved through my local credit union for up to $45,000, but only at 85% LTV maximum. Every penny over that is my responsibility.
So with the negative equity I currently hold (regardless of how well I did deal wise in 2021) plus the high prices of vehicles means I don’t have a reasonable choice to upgrade into a newer truck without several thousand dollars down.
I am in texas if that makes a difference.
They’d probably lot your truck for $15,000 minimum.
“and everybody and all these want to be day Traders” 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 you cracked me up Lucky 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
I check auction ads as part of my job. Ohio requires that non-bank, non-credit union, non-insurance company sellers place their cars in public auctions to collect on a deficiency balance. Those sale ads for the Manheim and Adesa auctions are still large, but so are the auctions at the independent auction facilities.
An observation about your videos: You sit in a swivel chair during your videos. You appear to like to sit on the very front part. When you do that, the back of the chair swivels noticeably whenever you make hand gestures or move your body. Maybe sitting in a non-swivel chair could improve the aesthetics of your video presentation.
Gee thanks - now I can't unsee it.
Spot on Lucky Trying to sell cheap good Toyota Tundra pickup 7k low miles only twist is single cab V6 2wd and manual transmission no accidents with replacement frame underneath from recall here in NJ
Everyone wants crewcab 4x4 with a V8 including me
I just picked up a short bed, single cab Chevy Silverado LT 2013 with 38k on it for $17k in south Atlanta
What about subcompact cars? Such as Honda Fits?
Please do a video on classic car rentals ! Thaaaaank you
I've seen 6-8 year old Chevy trucks go down a tad in the last few years but not nearly enough
Sales are so insane at Porsche Canada, that on their website you can NOW find 992 Turbo S BRAND NEW FOR SALE!! If you know the hierarchy at Porsche, getting a 2024 Brand New Turbo S on the lot is never heard of! You have to work your way up to a Turbo to get access to the GT models.......NOW available no waiting!! Sales are Booming! Cheers
Have a turbo s on the floor isn’t a good sign for the market, sport…
My friend just bought a 97 f250 with 127k for 5k in kansas city lol. It's mint, he found on it marketplace.
I had a 2020 Toyota Tacoma SR 4x4 that I bought new for 27500, just sold it last week for 28,000.
Oregon
Great job / not to split hairs but with our rapidly inflating US dollar you still lost money …
good job man. now you will buy it for 30k and you will not tell anyone that you lost money
Bought a 2022 Tesla model 3 with dual motor and 45k miles for $24999 after the $4k rebate. Great car for the price! I’m in Arizona near Phoenix
Thanks for sharing 😁
How you get the rebate
As I recall, you don’t get the rebate unless the original price is $25,000 or under.
Lucky, what is typical markup on used vehicles? 15%?
I have been waiting to buy a, but I will keep waiting.
Here in Sweden most homeowners have a small trailer. Why drive a bad truck all the time instead of hooking up your trailer, once you need to move stuff..? Learn how to operate a trailer, it's not that difficult.
There’s another one! “They see you as a wrecking ball rolling down the road.” Classic! 😂
I’m always checking Craigslist for used manual cars. I’ve noticed a huge jump in the number of used Jeep wranglers, like a lot of them. Is this people selling their hobby cars for extra money? When will I be able to get a c5 for 5k?
Tax season is dead without any hope😆could come in 2025😂😂😂
Ok I am seriously interested in the dealerless auto auction system.
Ofc the sports car I want is still staying high … darn affordable Miata sports cars
Of course the cars that are garbage (imo) are coming down in price. Cars like hybrids (what a normal person actually wants) are still crazy high. I just bought a 2014 Prius v for 15k.
6 months ago i bought a 2011 Silverado with an 8ft long bed 194K on it for $6000 they are out there but it took me 4 months to find it. The key was i wasn't desperate for it.
The ONLY "Truck" I'd want is a TRX. It's a terrible choice for me here in NYC. Even the Cybertruck would be a better choice. But that Hellcat engine and its looks are just so cool. Fortunately I'm not in that market.
The Chevy Silverado EV or a Cadillac Escaladeiq EXT would be nice.
Got my C7 Corvette for $10k under MSRP in 2017. When I can get that deal on a C8, I might be buyer.
Brand new or secondhand? I don’t think you’re gonna see a brand new C8 $10K under MSRP anytime soon.
Deals coming soon
I see 4-5k off base models and up to 10k off the higher trims at the high volume Corvette dealers in the NE
@@dickensider6049 I found a c8 stingray for 49500 with around 30,000 miles which I thing is getting into great deal territory
Mine was $10k off a base 1LT. Looking for the same or better deal or I'll keep my Camry. Lol
Not seeing any price reduction in Ga. Prices staying high on both new and used.
I'm so glad i bought a very reliable 2017 Tacoma TRD Sport back in 2017 before things went stupid. Have it paid off and have babied i and no funky engine tunes or mods so it runs like new and looks amazing still. Looks like I'm going to be holding onto it for a lot longer then i thought. I was going to trade it in while it had a very high used price still attached to it and upgrade to a 2024 TRD Sport model. Not anymore. Even with an 830 credit rating the rates are still to high and so are the prices. Maybe in late 2025 I'll look seriously at the market.
The new ones have turbo engines that may not be as reliable.
Got a 2021 BMW at about 50% depreciation
So historically normal?
I envy you southerners, here in Vancouver, second hand market for cars below 30k is not moving at all, been waiting for 2 years for prices to drop, nada.
As a former dealer owner, here’s my advice for anyone who is looking for a good vehicle and get lower interest rates: Buy a used 2020/2021 Toyota Camry with under 25K miles. They are $18.5-22K and some with cpo or factory warranty. With a trade in of $4K and $1500 down at 9% for 48 mos the payment is about $360/mo. The car will go 10 years and 150K miles with little maintenance and will easily last 200-250K over 20 years with some TLC.
Shopping for used service vans (3/4 ton) on the national rental sales sites, but I'm still quite disappointed with the sticiness of the higher prices.
Vans because of van life are still crazy.
Carmax is buying a ton of late model vehicles from dealerships. If you see a bunch of vehicles (excessive days on lot, loaners, demos) disappear at once it's probably Carmax / Carvana.
I am looking for a new Mercedes C300 in the SF Bay area. New 2024 Mercedes C300 MSRP are around $50-60,000. Currently, they are being discounted around $2-3,000 off MSRP, but just six months ago, they were selling at MSRP (no discounts). Hopefully, in 6 months when I'm ready to buy, the discounts get much bigger :)
Haggle them hard. The new updated model 3 is stunningly good. Merc probably only has the interior on it. Is it worth buying at all? The 3 is way cheaper. No dealership nonsense.
How do I buy at auction? Would like to do this.