You guys want to hear how bad the used car market it?

Because used cars already have the majority of the depreciation cut off the cost.... stop looking in a 10 mile radius, look in a 150-500 mile radius, you WILL find better used deals. But also keep …

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R/UsedCars On Reddit: The Used Car Market Is Now At Its Lowest In …

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The used car market is now at its lowest in 2.5 years. Average prices peaked at around $32,000 mid-2022 and have now dropped to about $28,000 (where they were in June 2021). ... Every …

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Good And Bad News About Used Car Prices: Lower, But Not Much …

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Nov 27, 2023 · Car dealers paid 1.6% less for used cars at auction in the first 15 days of November. Wholesale prices were down 5.3% from a year ago. That comes even though …

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Is The USED Car Market Really High Right Now? Should I Buy A

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Timing the market is a 50/50/90 type of thing. You’ve got a 50/50 shot of being right but you are wrong 90% of the time. The used market is more inflated than new so if you have a car and …

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I Don't Understand The Used Car Market Right Now. : R/askcarsales

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If you could walk into any dealer, pick out the color you want and drive off that same day for $29k plus fees, the 6 year old truck with 90,000 miles would sell for less than $20k. But you can't …

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FAQs about You guys want to hear how bad the used car market it? Coupon?

Why did so many people buy a used car?

“Many of them had to go into the used car market because they just couldn’t get their hands on a new car,” Hoenig said. “One of the findings of our [2023 State of the American Driver] report is that 35% of people who bought a vehicle last year ended up buying a used one because they couldn’t find a new one. ...

Should you buy a used car?

However, the elevated used car loan rates are a critical factor to consider when making purchasing decisions. Used car prices are falling sharply at wholesale markets and more slowly at retail car lots. Expect used car prices to continue falling in the months ahead, creating a buyer’s market for deal-savvy shoppers. ...

Is the used car market improving?

The used car market is improving, and it's doing it defiantly. Some signals indicate that prices should be rising. But they aren't. Car dealers paid 1.6% less for used cars at auction in the first 15 days of November. Wholesale prices were down 5.3% from a year ago. That comes even though dealers have fewer used cars to sell than they'd like. ...

How are new car prices affecting the used car market?

Waves that rock the new car market ripple through the used car market years later. Americans have spent most of the past two years dealing with record-high new car prices. The average price paid for a new car recently fell below sticker price for the first time in nearly two 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. ...

Why are used car prices not returning to normal?

A shortage of available inventory is the main reason why used car prices have not returned to normal. And there are several factors that have led to a shortage in the used car market. A shortage of the types of semiconductors used in cars is still limiting production of new vehicles, which means fewer used vehicles are entering the market. ...