www.cnbc.com
There is no too soon if you don't have the space to keep it. If they are buying another vehicle and need it gone, waiting to buy is going to increase in that cost too, so it is a wash.The latest: The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month. That puts the index 38% higher than a year ago — compared to “just” 27% for the same stat in September.
Maybe BITOG members sold their vehicles to Carvana, CarMax, Vroom to soon......????
Unbelievable, what does the "market" know that I obviously don't know. Maybe inflation is coming big and hard and everything is going to rise in price.
Used car market gets even more bizarre
The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month.www.axios.com
We only got a 2.1% raise last year, and this week we are losing another 2 coworkers.buckle up for a bumpy ride
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
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.only if one can wait for, lets say 2 more years before the market correct itself or to get rid off extra car its a possibly winning situation; however, if you sell today then again buy tomorrow it is most likely a losing proposition
meanwhile, Tesla continues to increase the threshold on their cars
US: Tesla Increased Prices Of Base Versions Of All Models
Tesla continues to make its cars less and less affordable this year with another price bump just applied in the U.S. to base versions of all models.insideevs.com
Friend of mine leased a nice Colorado about 1.5 years ago. At return, his payoff is set at $19k. They keep calling him trying to get him to bring it back. But they don't offer him anything in return. He will be crazy if he doesn't buy it.The latest: The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month. That puts the index 38% higher than a year ago — compared to “just” 27% for the same stat in September.
Maybe BITOG members sold their vehicles to Carvana, CarMax, Vroom to soon......????
Unbelievable, what does the "market" know that I obviously don't know. Maybe inflation is coming big and hard and everything is going to rise in price.
Used car market gets even more bizarre
The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month.
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.
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.
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
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.
Well you have to fix up the beater if you are postponing a vehicle purchase. A $10k markup can fix a lot of beaters.
Ohhh they are SLAMMED.
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
