[Our03z4]

My 2019 F250 with 24k miles is now worth 16k more than I paid.

[Shiza]

Originally Posted by Our03z4

My 2019 F250 with 24k miles is now worth 16k more than I paid.

Yeah, the market is even crazier for trucks. Picked up a Ram 1500 in early 2020 for $24k. 1 year and 20K miles later I sold it to a local dealer for $30k

[Wht340i]

Originally Posted by Our03z4

My 2019 F250 with 24k miles is now worth 16k more than I paid.

Problem is the dumb people paying these inflated prices.

[S1nner]

Originally Posted by Wht340i

Problem is the dumb people paying these inflated prices.

If you need a vehicle, what you suppose to do? I need a DD truck for myself at the moment and nothing I can do about it...

[Wht340i]

Originally Posted by S1nner

If you need a vehicle, what you suppose to do? I need a DD truck for myself at the moment and nothing I can do about it...

The percentage of people buying isn’t a emergency for them to buy this second. Hold off or find another brand that will discount a little on a new car. I just got 8% off my new car while my wife’s new truck isn’t taking anything off so we will just wait for things to settle before we buy hers.

[hellrotm]

Originally Posted by Wht340i

The percentage of people buying isn’t a emergency for them to buy this second. Hold off or find another brand that will discount a little on a new car. I just got 8% off my new car while my wife’s new truck isn’t taking anything off so we will just wait for things to settle before we buy hers.

Going to be awhile. My buddy is a GM at a Chevy dealer, they have people driving in from out of state to pickup crap Trailblazers that have been on the lot less than 24hrs. All their trucks, Suburbans, Tahoes are sold before they even make it off transport. The salesmen aren't selling as many cars, but their take home hasn't changed because everything is being sold at msrp. They now put used cars on their new car lot to fill it in. Literally all dealers are going through the same thing, with almost all brands.

[JPM-3]

The impact of this latest storm did nothing to help the used car market either. Lots of total losses everywhere.

[hellrotm]

Originally Posted by JPM-3

The impact of this latest storm did nothing to help the used car market either. Lots of total losses everywhere.

Hopefully insurance companies actually give owners their correct current market value.

[Eternalthinker]

I will be selling my 720S for what I paid. This is the case for standard to exotics in this market and likely will not change for some time. Mercedes came out and said most V8s will not be produced, Toyota is cutting production by 40%, BMW does not see a change in the situation for at the minimum 12 months and up to 24 mos. It is unprecedented....

[RMachuca3d]

GM shutting down production for weeks for some of their models, honda\toyota cutting production by 40% for a while, it's all adding up to an even hotter market for used cars in the next 6 months or so, i suspect it'll be at least a year before it levels out and possibly start correcting.

[chassis]

FCA is operating some plants at 50% output.