Still willing to pay markup after all the reviews?

[rocksandblues]

Lot's of dealers are selling new cars as "used" as the manufacturers have even less say over used pricing. So, if the manufacturers wag their finger at a dealership, they just list the cars as "used"

Did not know that. tricky

 

[takemorepills]

Did not know that. tricky

Yup, the Toyota dealership I have my wife's car serviced at have 3 brand new 86's in stock. Guess what? They're all "used" here's 2 of the 3 they had 2 weeks ago:

These are base models, they were asking $39k 2 weeks ago, they have since reduced the price to $35k

 

[siggy]

Yup, the Toyota dealership I have my wife's car serviced at have 3 brand new 86's in stock. Guess what? They're all "used" here's 2 of the 3 they had 2 weeks ago:

These are base models, they were asking $39k 2 weeks ago, they have since reduced the price to $35k

That's ridic. I have zero sympathy for dealerships. This crap is going to run out and I hope it bankrupts the real greedy ones.

 

[NecioVato]

Several things come to mind - for starters - part of the reason why prices jumped so much was bc the used car market had a huge shortage driven by the shortage of the new car market thus making all used prices jump. So many people are forgetting that cars are depreciating assets - your 'new' Z will not stay at its current price but will tank in value (just like every other car out there not a classic) once the market stables out (which we are beginning to see).
If you look at some of the youtube vids from Lucky Lopez and YAA - they talk about how the prices of auction/warehouse used cars are/have dropped significantly - so dealers will be forced to sell what they have 'at a loss' bc they too overpaid during the pandemic at the auctions as well. The main reason for this is we are going to see A LOT of repos hitting the auctions/warehouses in the coming months - thus driving down used cars significantly. Once that happens - people won't pay ADM for a new car bc you can get a 1/2yr old car for significantly less thus bringing the prices of new cars back to 'normal'. People just need to be patient which as a car enthusiast - it is very difficult to do.

Anyway - as everyone knows - car purchases are more emotional than objective so goodluck to everyone getting ANY new car and dealing with the dealer - but i think the ADM craziness is going to go away soon enough- unless we are talking about something that has been limited by the manufacturer such as the new Honda CTR and Corolla GR - and even those cars I don't think we'll see crazy ADM added to them when people can wait a year or 2 and get a used one.

 

[Kbl911]

Several things come to mind - for starters - part of the reason why prices jumped so much was bc the used car market had a huge shortage driven by the shortage of the new car market thus making all used prices jump. So many people are forgetting that cars are depreciating assets - your 'new' Z will not stay at its current price but will tank in value (just like every other car out there not a classic) once the market stables out (which we are beginning to see).
If you look at some of the youtube vids from Lucky Lopez and YAA - they talk about how the prices of auction/warehouse used cars are/have dropped significantly - so dealers will be forced to sell what they have 'at a loss' bc they too overpaid during the pandemic at the auctions as well. The main reason for this is we are going to see A LOT of repos hitting the auctions/warehouses in the coming months - thus driving down used cars significantly. Once that happens - people won't pay ADM for a new car bc you can get a 1/2yr old car for significantly less thus bringing the prices of new cars back to 'normal'. People just need to be patient which as a car enthusiast - it is very difficult to do.

Yeah, I've been stumbling across editorials about the signs pointing to a potentially-imminent auto loan default crisis on the horizon, as well. It's not here just yet but it may be coming in short order. Repossessions have yet to spike but there's been a steady increase in late payments this year so it just feels like borrowers who maybe bit off a little too much have been able to stay ahead of the default window. We shall see.

If you're right, and if the warning signs do portend the worst to come, there may just be a bumper crop of 1 & 2 year-old automobiles injected into the market. Patience is key!

 

[TitanZ]

Dealers always playing games, selling new cars as used and used cars as new:

 

[Donalex]

The market for used cars has not cooled. More dealers are at the auctions bidding against each other so prices are still rising.
https://www.tampabay.com/news/flori...-sorely-needed-in-tampa-bay-but-hard-to-find/

 

[Donalex]