Axios- Used car market gets even more bizarre
- Thread starter GON
- Start date
Bumpy ride indeed, the benefit might be the wants/ needs will probably change in some folks.
We only got a 2.1% raise last year, and this week we are losing another 2 coworkers.
I can trade in my wife's Santa Fe XL for $24,000.00 And buy a NEW replacement vehicle for $37,000 (MSRP) plus fees. SO $16,000 grand for a new vehicle. It's very tempting.
You sound like you sell cars for a living... Our salesman was calling us about getting our Outback but wouldn't give me numbers on the phone of course... I see online my car retails for ~$25k but its $33.5k+tax for the new version. I assume the most they would give us is $23k for our car, so it would cost a minimum of $11-12k for 3.5 years of ownership.
Not terrible costs per year of ownership but more than I like. You should run the numbers per year or mile on your car and see if its a good deal or not.
In our case, nothing significant has changed for us to need the new version so I think we'll keep going with what we've got. We've paid it off a while ago and now its time to run it for the cheap years, just doing maintenance and no significant repairs until its 10+ year old, hopefully.
I don't sell cars-but getting in to a new vehicle for $12,000.00 is something I would probably do-assuming you have some disposable income.
Found my 2019 Golf Alltrack for sale now for $34,700. I got it for $23650 in may 2020, then flipped it for $29k, now its being flipped again. So funny. I had an offer from Vroom for only 25k but now its $34,700 and only if you finance with strong VW otherwise price goes up another $900. This is not the onion.
one of the main reason for the great resignation currently is one that companies make more accommodations to new employees vs old ones, not great practice right now
we get raises about 5% on average i'd say
JTK
$100 Site Donor 2025
The mom/pop shop a mile from my house is down to one mechanic. The owner! You have to leave him a message for an appointment. He's not even calling people back at times. He didn't call me back in Sept/Oct.
The tire/repair shop I normally go to is about 7 miles away. Their lead tech retired a month or two ago. They're 2 weeks out for appointments. The owner's wife answers the phones there. She said people are wanting big jobs done and they are short on techs to do all these jobs.
Replacement vehicle pricing is just plane scaring the heck out of me these days. Hope is a schidt strategy, but I sure hope they come back down to a more reasonable range in the not so distant future.
I’m keeping my car forever. I’ve replaced so many parts I’ve named it **** Cheney 
Well you have to fix up the beater if you are postponing a vehicle purchase. A $10k markup can fix a lot of beaters.
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Ohhh they are SLAMMED.
If you don't or can't do your own work, it is best to have a relationship with someone local that will take care of you.
Yes, looking back over the paperwork it is a touring model with 4wheel drive; yet it’s coming from VA, and the guy who bought it he is 44
Looking back to 2016 when we bought our 16’ CRV exl, the touring models you could get them out for about $33-35k OTD price new
Although the top case does not present an extreme pricing in current markets yet it gives you a glimpse of how it’s out there, it gives you an idea if one is in the market of buying a car, to sit right there where you’re at, at the moment
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