spin_dry Posted October 17, 2022 Share Posted October 17, 2022 Anyone else notice this? Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted October 17, 2022 Share Posted October 17, 2022 no Quote Link to comment Share on other sites More sharing options...
ICG Posted October 17, 2022 Share Posted October 17, 2022 Not in my search for a used convertible. Market in general seems nuts 1 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted October 17, 2022 Share Posted October 17, 2022 G-wagons are dropping right now. I'm hoping the GT3 market follows. Quote Link to comment Share on other sites More sharing options...
Sled_Hed Posted October 17, 2022 Share Posted October 17, 2022 We've been casually shopping Ford Explorers and they seem to be lower than they were this spring. Quote Link to comment Share on other sites More sharing options...
ford_428cj Posted October 17, 2022 Share Posted October 17, 2022 31 minutes ago, spin_dry said: Anyone else notice this? What collapse are you noticing? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 17, 2022 Share Posted October 17, 2022 certain one's, but not most once new car production gets back to 'normal' used car prices will drop like a stone higher than previous interest rates are having a bigger effect on the used 'whatever' market 1 Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted October 17, 2022 Share Posted October 17, 2022 Not seeing it, personally. As for new vehicle production? What you currently have is the new normal. It might increase slightly from here but not much. Quote Link to comment Share on other sites More sharing options...
Frostynuts Posted October 17, 2022 Share Posted October 17, 2022 (edited) Hopefully the repo machine kicks in soon, and floods the market with nearly new trucks, and 5.0 mustangs. I,m ready and looking for a great deal, on both, when the prices finally bottom out, and dealers come back down to earth on pricing. Edited October 17, 2022 by Frostynuts 1 Quote Link to comment Share on other sites More sharing options...
Gold Member ZR800efi Posted October 17, 2022 Gold Member Share Posted October 17, 2022 (edited) got a feeling the market aint dropping out to where it was pre covid for a few years yet. atleast not up here.we are looking for a deal on a rav 4 . prices on used are dam near same as new and in some cases when you factor in the higher interest on used vehicles., probably more expensive in the long run , which is fucking insane. Edited October 17, 2022 by ZR800efi Quote Link to comment Share on other sites More sharing options...
Edmo Posted October 17, 2022 Share Posted October 17, 2022 Prices are still high here for used, and folks are still paying over msrp for new ones. As long as demand is high the prices will stay up. I keep hearing about this price collapse but have not seen it yet here in Chicagoland. Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted October 17, 2022 Share Posted October 17, 2022 28 minutes ago, Edmo said: Prices are still high here for used, and folks are still paying over msrp for new ones. As long as demand is high the prices will stay up. I keep hearing about this price collapse but have not seen it yet here in Chicagoland. Same here. We are not adding to msrp like others, but Denali still hot. We have a short Yukon Denali right now that’s 98k. One coming is 105k. Most dealers are adding 5k Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 17, 2022 Share Posted October 17, 2022 I'm waiting on the compact tractor collapse... 2 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted October 17, 2022 Share Posted October 17, 2022 10 hours ago, spin_dry said: Anyone else notice this? Still high but some relief. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted October 17, 2022 Gold Member Share Posted October 17, 2022 Probably going to buy a 3/4 ton crew cab after this winter..time to retire the caddy. Ive noticed used trucks have started to come down but collapse ? um no They need to come down more because you can buy a brand new truck for not much more than what the used ones are priced at currently. Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted October 17, 2022 Share Posted October 17, 2022 Haven't seen a huge drop yet in low mileage vehicles. Sedans are still strong surprisingly as the trend is towards small suvs. Trucks have come down somewhat but not much. High mileage anything has dropped substantially. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 17, 2022 Share Posted October 17, 2022 (edited) 14 hours ago, racinfarmer said: G-wagons are dropping right now. I'm hoping the GT3 market follows. I skim bat daily and no Porsches are dropping in price, especially those. https://bringatrailer.com/porsche/911-gt3/ Edited October 17, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 17, 2022 Share Posted October 17, 2022 10 hours ago, SayatodaU.P.eh? said: Not seeing it, personally. As for new vehicle production? What you currently have is the new normal. It might increase slightly from here but not much. the new Trax is going to be an affordable mover if they play their cards right made in Korea... Quote Link to comment Share on other sites More sharing options...
jdsky Posted October 17, 2022 Share Posted October 17, 2022 Some good deals on floriduh flood cars. It's going to take some time for the industry to get back to semi-normal production levels. Even then msrp may become the new normal for automakers. 1 Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted October 17, 2022 Share Posted October 17, 2022 2 hours ago, Crnr2Crnr said: made in Korea... The old Trax sold surprisingly well, I thought, for what it was. That’s because an assembly line to build that sort of product hasn’t existed in NA for years. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 17, 2022 Share Posted October 17, 2022 (edited) 1 minute ago, SayatodaU.P.eh? said: The old Trax sold surprisingly well, I thought, for what it was. That’s because an assembly line to build that sort of product hasn’t existed in NA for years. saw the launch promo, price target is spot on. especially compared to the used car market Edited October 17, 2022 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
GreenStreak Posted October 17, 2022 Share Posted October 17, 2022 From what I have read prices are high because dealers do not have the inventory they usually have due to the shortage of computer chips. Some of the manufacturers literally have tens of thousands of incomplete Vehicles waiting for chips on lots. Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted October 17, 2022 Share Posted October 17, 2022 10 minutes ago, GreenStreak said: From what I have read prices are high because dealers do not have the inventory they usually have due to the shortage of computer chips. Some of the manufacturers literally have tens of thousands of incomplete Vehicles waiting for chips on lots. They've delivered without heated steering wheels etc with the "promise' of install when parts are available. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 17, 2022 Author Share Posted October 17, 2022 15 hours ago, SayatodaU.P.eh? said: Not seeing it, personally. As for new vehicle production? What you currently have is the new normal. It might increase slightly from here but not much. You’re up on auctions given your job. The big names at auctions had been keeping ridiculous reserve prices because they’re in up to their eyeballs with these vehicles. Over the last two weeks dealers have stopped buying on an almost nationwide trend. Wholesale prices are waaaay too high. Keep an eye on Mannheim over the next two weeks. Surprises are ahead. 1 Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted October 17, 2022 Share Posted October 17, 2022 4 minutes ago, spin_dry said: You’re up on auctions given your job. The big names at auctions had been keeping ridiculous reserve prices because they’re in up to their eyeballs with these vehicles. Over the last two weeks dealers have stopped buying on an almost nationwide trend. Wholesale prices are waaaay too high. Keep an eye on Mannheim over the next two weeks. Surprises are ahead. I have zero to do with auctions. What I can see, which is really nothing most anyone else can’t see as well, is that these companies are making money hand over fist with new vehicles selling at these prices. All while paying lower labor costs because they can stop plants when needed. I don’t really know what is still keeping the supply chain low on needed materials but I don’t think there’s a bunch of companies going belly up because of it. Seems to me it’s the opposite in at least some instances. Quote Link to comment Share on other sites More sharing options...
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