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Forum » Wtf is going on with the Used Car Market right now?
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Thread: Wtf is going on with the Used Car Market right now?

post 1613565041 08-14-2020, 05:49 PM
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Wtf is going on with the Used Car Market right now?

all the prices are inflated . Everything seems way higher to cash out and buy 6 years ago I bought a 2008 fully loaded Honda Accord exl for 8k cash (86k miles) and now I’m looking for cars and the prices seem way more inflated and way too high for what the car is worth. Even reddit reviews I been reading people on the same whips have been getting the same deals like years back when the car would be counted as “a few years younger” or “less older if you will” . Anyone know why this is going on and when this will go away?
post 1613565281 08-14-2020, 05:52 PM
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Production of new vehicles halted for the past few months. Less money in people's pockets as well is going to influence buying decision.
post 1613565351 08-14-2020, 05:52 PM
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trucks are really bad...... 2 year old trucks 48,000 miles going for 85% of new retail
Retired...no smartphone....no neighbors......just holes...
post 1613565511 08-14-2020, 05:54 PM
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Inventory is low right now because people are buying used cars left and right. People dont want to take public transportation.

There's also been a decrease in new cars as well, so these people aren't trading in their used cars for new cars.
Too Big, Too Strong, Too Fast, Too Good!
post 1613566581 08-14-2020, 06:07 PM
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Do you think that the prices will drop when new models come out and all the 2019 new models will maybe be sold with incentives and all that?
This is just so stupid that stuff costs this much now. I want to buy but in a few months I don’t want my car to be worth 3-4K less..
post 1613566771 08-14-2020, 06:09 PM
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Originally Posted By Bosko⏩
trucks are really bad...... 2 year old trucks 48,000 miles going for 85% of new retail
Yeah I saw that some trucks are up to 4K higher in price. Also read some dealerships are making 38% more in sales than they did last year same day.

Just need to know when to start looking again.
post 1613567581 08-14-2020, 06:18 PM
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Originally Posted By pakmansc300⏩
Inventory is low right now because people are buying used cars left and right. People dont want to take public transportation.

There's also been a decrease in new cars as well, so these people aren't trading in their used cars for new cars.
This ^^ Recent events have jacked new inventory which drove up used car prices. If/when things get back to normal the bottom will drop out of the used market as new inventory floods the market...
post 1613567831 08-14-2020, 06:22 PM
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I watch the online auctions all day, the prices are the highest they’ve ever been. But I can’t seem to sell ****.
post 1613568191 08-14-2020, 06:27 PM
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Originally Posted By JuicyBruv⏩
all the prices are inflated . Everything seems way higher to cash out and buy 6 years ago I bought a 2008 fully loaded Honda Accord exl for 8k cash (86k miles) and now I’m looking for cars and the prices seem way more inflated and way too high for what the car is worth. Even reddit reviews I been reading people on the same whips have been getting the same deals like years back when the car would be counted as “a few years younger” or “less older if you will” . Anyone know why this is going on and when this will go away?
bruh, was that a v6 accord?

that 3.5L is dope
Make Europe Germany Again
post 1613568311 08-14-2020, 06:29 PM
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Originally Posted By Ratfish⏩
bruh, was that a v6 accord?

that 3.5L is dope
Yeah bro it was sick as hell. All leather sunroof v6 Navi 85k miles and it picked up quick as ****. All for 8k cash. (6 years ago)

For the price it was a awesome car all around .
post 1613568631 08-14-2020, 06:33 PM
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Originally Posted By JuicyBruv⏩
Yeah bro it was sick as hell. All leather sunroof v6 Navi 85k miles and it picked up quick as ****. All for 8k cash.

For the price it was a awesome car all around .
my younger bro sold me one for 5k

still driving it lol

i hardly drive so it's still 80-something K

to answer your question, you need to wait a little longer until the real economic annihilation kicks in

we're not too far from megadeals srs
Make Europe Germany Again
post 1613568671 08-14-2020, 06:34 PM
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Low supply/high demand due to Covid
post 1613568771 08-14-2020, 06:36 PM
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Originally Posted By FoxMcCocks⏩
Low supply/high demand due to Covid
but who was high supply due to all of the rental companies liquidating millions of cars?
Make Europe Germany Again
post 1613576921 08-14-2020, 08:31 PM
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Originally Posted By Ratfish⏩
but who was high supply due to all of the rental companies liquidating millions of cars?
Yeah I thought the prices were going to drop a lot
post 1613577111 08-14-2020, 08:33 PM
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Low-ball the fuk out of them. When the fukers say "Absolutely not" you reply with "you trying to make money or not bit*h?"

Then when they agree, low-ball the fuk out of your original offer and say "that's for wasting my time"
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