Submitted by [deleted] t3_z1n7zv in newhampshire
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Submitted by [deleted] t3_z1n7zv in newhampshire
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Yup, prices have come down a ton at the auctions, it takes time for the market to catch up
KBB is 6-8 months behind still. But yes, I think we are close to seeing some relief!
They have not. I keep a pretty close eye on inventory and prices of a few different vehicles I’m interested in replacing my current vehicle with and the only change in prices on cars built 2016-2018 in two years have been increases.
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Be glad you’re not looking at trucks. They’re even worse. A decently equipped decent shape 10 year old truck with 175,000 miles can be 15-20k. Notice I used the word decent. Really excellent ten year old trucks, or decent diesels, have stupidly high prices. If someone’s selling a truck for under 10k I guarantee it has some kind of major issue that’ll cost thousands to fix.
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You know, it’s funny Toyotas used to be the trucks that were way over priced on the used market but they’re actually more reasonable than the Chevy, GMC, Ford and Dodge trucks out there. They are still exorbitantly expensive, but they tend to be in much better shape when compared with trucks of other makes with similar price, mileage and age.
Yep I could get 9k for my 2011 right now same price it would have went for in 2020 with 30k less mileage.
i saw an ad for a 2009 truck with 114k miles and it was listed for 11.5k. insanity.
That’s completely reasonable for a truck lol. You shouldn’t be looking at trucks if that turns you off. Trucks with 200k miles go for 10k
im not looking for a truck. but a car that is almost 15 years old and probably only sold for ~25k new shouldn’t be so expensive.
I just paid $17k for a 2007 Toyota Tundra with 109k miles. And that was a great deal. Dealerships had em for 22-25k
I didn't feel bad picking up an '04 Tundra with 145K for $7,500 recently.
Not in the 2022 market in New England
An average 4wd 2009 GMC or Ford pickup with no rust, no accidents, and good maintenance could easily sell for more than that.
Even 20 year old trucks in good shape are still worth 10K in many cases, because a replacement is $45-60K new if you can even find one on a dealer lot
A little.
My husband owns a used car dealership and a month or two ago, we had to bring the price down on a lot of cars (ranging anywhere from $500-1k less) since they weren't really selling well.
I haven't asked him how the auction prices have been doing but it's funky right now, if I remember correctly.
I just sold an 04 Ranger for $6000. Has 144,000 miles, 2wd, reg cab. I paid 5000 for it in 2007. Buyers were frantic.
$6000 for a Toyota Tacoma would be reasonable, a 2004 Ford ranger should have been brought to Northwood auto salvage for $600
Amazing right? Blue book was 1000. People were fighting for it. It was rusting through in several places but ran smooth. Crazy times
It was honestly insanity.
New and used cars are down here, it's nice to see
Craigslist isn't representative of markets from my experience. The items that you see a lot are the things that don't sell. Stuff that is correctly priced in the market goes very quickly and most people casually looking at the site wouldn't see those things because they are gone quickly. The problem is that other sellers see the prices of the stuff that doesn't move and they price their stuff similarly.
Setup alerts. I know people hate FB but FB Marketplace seems to have a bit more used items. The filtering kind of stinks on it. I've seen decent deals but you have to be quick, I've seen items go up and within an hour it's gone. The items that are left up are overpriced.
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Honestly?
Make a dummy account with a similar name and use it for Marketplace. I have no friends, nothing on there but a basic boomer profile pic.
But stuff I want comes up on Marketplace all the time, so, it comes in handy. Just disable all notifications and it's not an issue.
principal is sometimes better than deals, that place is highly corrosive and does not deserve anyone's time. even supporting it with alts keeps it around.
sooon
They’re starting to
Until supply increases the price will stay up
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Don't worry as people can no longer afford what's out for over priced new the federal government will want to do it again to encourage electric cars
Look how much diesel is and diesel vehicles are still up. Used junkers are still sky high.
I can not wait to capitalize on upcoming price drops on used cars. My 01 is pretty tired haha
Then you may find yourself upside in a car loan that looses it's value overnight. It sucks but it's going to happen.
They've started to slowly come down at dealerships. Just got a decent deal on a low mileage minivan that would have been way more a few months ago.
Private sales are the last to change prices with the market. People are willing to hold on to a vehicle hoping for a better price.
goddammnick t1_ixcvi0i wrote
the bubble hasn't popped yet but is close, if you can wait another month or two you should see way better prices.