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Used car market changes
- Thread starter Texas97
- Start date
DRTDEVL
Mothfukle
No, this will end beautifully, as the market will return to equilibrium and used cars will once again become affordable, thereby eliminating the criminal "market adjustment" on new vehicles from greedy dealers. So used prices go down, followed by new prices going down. By the end of the year, model closeout incentives return, and all is well again.
And I'll laugh at the dumbasses who bought more than they could afford in the first place to further exacerbate this mess.
No, this will end beautifully, as the market will return to equilibrium and used cars will once again become affordable, thereby eliminating the criminal "market adjustment" on new vehicles from greedy dealers. So used prices go down, followed by new prices going down. By the end of the year, model closeout incentives return, and all is well again.
And I'll laugh at the dumbasses who bought more than they could afford in the first place to further exacerbate this mess.
I used to be innocent like you too and believed in the free market. Government will put its finger in the scale yet again, and will take the problem government created, and will make it much worse. Same thing with the housing market.
Void_of_Light
Keeping I.T. real
I’ve started getting mail from dealerships again begging me to buy a car. It seems like there is more inventory on the lots, not normal yet but getting closer.
one thing I’ve noticed is an amazing amount of rvs and travel trailers on the lots. They are cram packed at every dealer I see. That’s a huge difference from 2 years ago.
one thing I’ve noticed is an amazing amount of rvs and travel trailers on the lots. They are cram packed at every dealer I see. That’s a huge difference from 2 years ago.
TOMS97ZJ
What?
I’m in the market for a new car.
Im not interested in paying all the BS markups.
Found a base Impreza for 23k, it was up to 30 with all the markups and bs. Before taxes, license etc.
Im not interested in paying all the BS markups.
Found a base Impreza for 23k, it was up to 30 with all the markups and bs. Before taxes, license etc.
gunracer1
Collector of fine junk
waiting to get a 16-20 escalade. no hurry
![[486]](https://data.irate4x4.com/avatars/m/0/94.jpg?1700178133){kind=avatar}
[486]
ugh, that guy again?
dunno broNo, this will end beautifully, as the market will return to equilibrium and used cars will once again become affordable, thereby eliminating the criminal "market adjustment" on new vehicles from greedy dealers. So used prices go down, followed by new prices going down. By the end of the year, model closeout incentives return, and all is well again.
And I'll laugh at the dumbasses who bought more than they could afford in the first place to further exacerbate this mess.
prolly just get another fannie mae situation going on
where all of us pay for the mistakes of the... not really "few"
HillbillyDeluxe
Not a Junior Member
I feel like those aren't horribly overpriced. I was looking at slightly older ones and keep seeing 16+ models for cheaper than most pick ups.
I'm still seeing piles of brand new pickups and SUV's sitting in fields here in Texas that are getting older by the day. They are going to have to crush every last one of them to not destroy the market. I'm very curious what's going to happen...
Provience
Kill!
exactly, cars have always lost 30% value or more the instant you drove it off the lot. everybody who has had a loan with the common <10% down or whatever it is for the history of the automobile has had this situation.
"oh noes, they will be underwater" hey dumbfuck, the last 2 years of insanity are the rare exception to the rule of cars losing value instantly
Provience
Kill!
i hope they sell them shit cheap to fleet service, probably local governments, rather than crush them.
Clemson13
Evernoob is a douchcanoe
Yet I struggle to see that as not being a bigger loss to the manufacturer than seeking them. Since they're mostly made already
ToughBowtieTruck
Nothing like owning the same truck twice.
I know people give me shit for my purchases, but I have never not been able to get rid of said vehicles. I do have an insanity limit whether some believe it or not.
And my 2020 RAM 2500 that I sold to CarMax before this fallout wiped out all the negative equity I ever had in the game.
It's going to be a total shitshow especially with interest rates as high as they are now.
And my 2020 RAM 2500 that I sold to CarMax before this fallout wiped out all the negative equity I ever had in the game.
It's going to be a total shitshow especially with interest rates as high as they are now.
rockota
white collar hillbilly
- Joined
- May 28, 2020
- Member Number
- 1642
- Messages
- 3,959
privatize profit. Socialize loss.
gunracer1
Collector of fine junk
they are about 10k cheaper than they were 12 months ago. and the trucks always hold their value better.
crispins
FJB
post a pic of them, I'd like to see how many you are talking about
Picture of the same area on Google Earth. Everything in the red circles is piles of pickups and SUV's. The number has to be in the thousands......
Fullsize80cherokee
Red Skull Member
whats the story with with them in the fields?
Aggie06
I ain't the one to blame.
Waiting on chips, components, shipping, etc.
crispins
FJB
Wow! I don't know what to think.Picture of the same area on Google Earth. Everything in the red circles is piles of pickups and SUV's. The number has to be in the thousands......
Wy the hell dont they get those fixed before keeping making more?
gbiddlec
Member
RV industry is in a rough spot right now. Christmas shutdown is looking like 2+ months for some plants/manufacturers. Going to be a rough Christmas for a lot of folks.
There's a whole lot of inventory sitting and dealers aren't ordering.
[486]
ugh, that guy again?
manufacture dependence on the boot
xr-nut
GROUP W BENCH
No. No it won't. It will take 3 to 5 years to get the used market back to "normal". Both in quantity and pricing. But by then there will be double or hell even triple the amount of states prohibiting ice engine sales by 2030 and what do you think that will do to the used market. This shit show isn't even close to being over.No, this will end beautifully, as the market will return to equilibrium and used cars will once again become affordable, thereby eliminating the criminal "market adjustment" on new vehicles from greedy dealers. So used prices go down, followed by new prices going down. By the end of the year, model closeout incentives return, and all is well again.
And I'll laugh at the dumbasses who bought more than they could afford in the first place to further exacerbate this mess.
Aggie06
I ain't the one to blame.
I can’t imagine the potential damage that mice caused to those.
Gtrplyr78
Nuttin’
All going according to the plan... Those deemed too big to fail will get moneys err bribe, working class footing the bill...
I agree with 5 year mark stated above. The more this drags out the more profitable some will get from it...
When the average new vehicle is $30k or more, and heard someplace that payments are around $700 or more for majority of recent buyers what incentive is there to make it more affordable?
I agree with 5 year mark stated above. The more this drags out the more profitable some will get from it...
When the average new vehicle is $30k or more, and heard someplace that payments are around $700 or more for majority of recent buyers what incentive is there to make it more affordable?
Roc Doc
2A SNBI
I'm not exactly sure what you are saying, but I'm sure it's bullshit. You're the posterchild for bad vehicles purchases, just because you got a good buy from CarMax, I highly doubt you've recouped all the interest, taxes, and depreciation from your other purchases.
TOMS97ZJ
What?
Pretty sure he said negative equity.
Meaning he doesn’t owe more than it’s worth. And isn’t tacking a bad loan into the next bad loan.
Did you really thing me meant he made all of his money ever spent on taxes and interest back?
welndmn
Well Done Man
Wait, this guy talked about a dealer taking a trade in, then a dealer just offering a loan.
This guy is nuts.
It's normal for someone to have two open car loans.
A dealer would not take a trade in and not pay off that note.