Trade Em or Sell Em if you got em!

[mdonathan56]

If you are still waiting to sell/trade your current vehicle, better get moving. Looks like prices may plunge next year.
https://autos.yahoo.com/analysts-warn-possible-used-car-151000491.html

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[JDS]

Wait..... are you saying that my 1990 Reatta convertible will be worth less than it is now? That does not seem possible......

 

[LSTLAF]

This is my take from the article:

'if"
"suggests"
"possible"
"predicted"

It's like saying could, might, and the word you used 'may'.

None of these terms are definite.

Typical Yahoo article cutting both ways. They also say (from KPMG) that the prices could remain high 'indefinitely'.

 

[HamAndCheese73]

Yeah that article is basically all speculation, but I do think the bubble is going to pop at some point. Back at the beginning of February when I placed my Bronco order, I checked what Carvana would offer me for my current vehicle just so I could compare it to the trade-in offer from the dealership. Fast forward to 3 weeks ago when I picked up the Bronco, Carvana now offered me literally double what they offered back in Feb, which I ended up taking. So in the end, all the Bronco delays actually worked in my favor a bit, and I'm happy about that, but I don't think the price going up by that much is natural or typical market behavior. So I feel like things can't stay at that level forever.

 

[mdonathan56]

This is my take from the article:

'if"
"suggests"
"possible"
"predicted"

It's like saying could, might, and the word you used 'may'.

None of these terms are definite.

Typical Yahoo article cutting both ways. They also say (from KPMG) that the prices could remain high 'indefinitely'.

The standard for the media today; Leave wiggle room.

 

[ManikMonday]

If you want to hop on the tin foil media I suggest MarketWatch

 

[WCP-82]

I bought out my Passat lease a few weeks ago for $11,800. Carvana is picking it up tomorrow and is paying $21,945 for it. It is a 2018 with then MSRP of $23,700. That is crazy to me. I have never seen a used car market like this. Obviously I am taking advantage of it.

Buying my Uncle's 2003 Ranger to hold me over until the Bronco gets here(has not been scheduled for build so who knows) He isn't beating me up on the price.

 

[kodiakisland]

I don't know what the future holds, but the dealers are offering stupid money on trades right now and outright sales. If you're thinking of thinning the herd, now's the time. Just bought the wife a new car and traded in two cars for it. I couldn't believe what they gave us for trade in value. Even on a 5yr old, 150K mile vehicle.

 

[Theowlhoothoot]

Not as much as you think, inflation is here to stay and dealers will want any excuse to keep used cars high.

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