[US] If the used car market is hot right now, does it make ... - Reddit

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 …

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

2 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

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Used Car Price Trends For 2024 (Updated Weekly) - CarEdge

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Dec 18, 2024 · In December, used car prices are falling slowly following months of ups and downs. In 2024, the average used car listing price sits at $25,571. New car incentives are …

caredge.com

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Why Used Cars Are So Expensive Now — And When Prices May Drop

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Jul 12, 2021 · The market for secondhand cars is absurdly and unprecedentedly hot right now. Used vehicles went for a whopping 40% more in June than they did before the pandemic in …

businessinsider.com

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The Used Car Market Today : R/whatcarshouldIbuy - Reddit

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For these reasons, the average cost of a new vehicle today is a staggering $48,000. And there are currently only three vehicles on the market now that start under $20k. At the end of the …

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FAQs about [US] If the used car market is hot right now, does it make ... - Reddit Coupon?

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. ...

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. ...

How hot is the market for secondhand cars right now?

The market for secondhand cars is currently absurdly and unprecedentedly hot. Used vehicles went for 40% more in June 2021 than they did before the pandemic in February 2020, according to data from JPMorgan. The average nine-year-old car changed hands for $13,250 in June, according to automotive research site Edmunds. ...

Are car prices decreasing?

There is good news. Car prices have been decreasing since May. Between May and June, wholesale car prices declined for the first time since December, suggesting that demand and supply are on a path toward some kind of equilibrium, according to Cox's Reynolds. ...

Are used car prices rising?

Used car prices surged 21 percent since last April, including a 10 percent increase in April 2021 alone, according to the Consumer Price Index. Demand for used cars has increased, and while new car sales are up compared to January 2020, the auto industry doesn’t have a steady flow of new vehicles on hand. ...

Should you buy a used car on Reddit?

On Reddit, first-time car buyers, primarily young adults and teenagers, seek advice from seasoned buyers and dealers on the subreddit r/UsedCars to determine which models require less maintenance, are reliable, and fit their budgets. ...