I don't understand the used car market right now. : r/askcarsales

That’s the situation with most people. “Man, that MSRP deal is way better, I’ll just buy new and wait 5 months!” Only to realize that their job they can’t wait 5 months because their job wont …

70%
OFF

[US] If The Used Car Market Is Hot Right Now, Does It Make ... - Reddit

3 days from now

I bet you have a 70% chance of making out well in the scenarios where you sell a car now and replace it in 6-9 months, but still a 30% chance that used car prices will stay high, and the …

reddit.com

$10000
OFF

Is Now The Time To Buy, Sell, Or Trade-in A Car?

3 days from now

Nov 18, 2024 · How to Buy a Car Right Now If you want a new or used vehicle, shoppers are still getting sticker shock. New car prices remain about $10,000 higher than five years ago, before …

kbb.com

$15
OFF

How Is The Used Car Market These Days? : R/askcarsales - Reddit

3 days from now

Used car market is fucked and won't be unfucked for years. In my area, most customers are looking to purchase outright under $15K, so any good cars in that range have been gone since …

reddit.com

FAQs about I don't understand the used car market right now. : r/askcarsales Coupon?

Are used car prices correlated with new car prices?

It’s notable that the decrease in used car prices in the US nearly mirrors that of new cars, with a decline of 3.3%. This suggests a strong positive correlation between new and used car market prices. In other words, a dip in one market is likely to be reflected in the other. ...

Are used car prices going down?

The used vehicle market is expected to experience a slow and gradual recovery as wholesale price declines occur. This trend underscores the importance for buyers and sellers to stay updated and be aware of market dynamics to make sound decisions. According to data from Black Book, there’s a slow but sure downward trend in retail car prices. ...

How many used cars are not reaching the used car market?

That’s 8.1 million cars not reaching the used car market today. Cox Automotive reports that used vehicle inventories are near the lowest level seen in over a decade. Leases are a big part of the car market cycle. Lessees have historically returned most leased cars after about three years. ...

Will cheap cars ever appear on the used market?

The inexpensive cars they aren’t building today will never appear on the used market. While the pandemic has faded, we have not seen a rush of manufacturers designing affordable new cars. The cycle has changed. Fewer used cars are entering the cycle, and the new cars that will be used cars in a few years carry higher prices. ...

What is the relationship between New and used car markets?

The interaction between new and used car markets influences the transition of cars from new to pre-owned and the comparison of sales trends. Grasping this relationship can offer insights into market dynamics and possible opportunities for buyers and sellers in the used car market. ...

How do you predict retail used car prices?

We predict retail used car prices by watching the prices dealers pay at auction for used cars they later sell. A trend in wholesale prices tends to become a trend in retail prices after about six to eight weeks. Throughout late 2024, they’ve risen slightly, then fallen slightly. ...