I think at some point the "Coffers" will be full with places like Carvana/Vroom etc. How much inventory can they really take on? Obviously a lot... but I thought about this a bit and its quite fascinating. Used values up 46% and new up 25%... that SHOULD NOT be the case. This is all driven by increased demand for USED cars by these firms. Which is obviously why the oems are restricting the lease turn ins etc.Detroit wrote: ↑Tue Nov 23, 2021 12:18 pmYea, it's that second element that opportunists are taking advantage of, which is screwing things up even further. I should not be able to make $4k in actual profit from a car I purchased new at MSRP 6 months ago. Yet here I am and hopefully going to take advantage of it. I wouldn't otherwise, we'd ride the Crosstrek into the sunset. But there's nothing special about it, so if we want another one, we can buy the exact same car in a few months for MSRP or under. Patience is key right now.max225 wrote: ↑Tue Nov 23, 2021 12:13 pm
Anyone with half a brain is waiting this out…. Anyone walking into it “needing a car today” is just and there have been quite a few sales in the last 2 months despite the pricing.
There are a few people waiting, ironically the high used values are also causing the high demand for new over priced cars. It ends up being a wash for most. And a benefit to some… because used has outpaced new due to the carvanas of the world it has pushed the new prices even further.
There are tons of people on the Tacoma forum trading in 100k trucks for near new msrp and buying new ones at sticker.
Like 2-4K “hit” to go 100k miles … and they are acting like it’s “normal”.
That weird market didn’t exist before…
But this will correct soon enough.
The crazy part to me is, that the REAL DEMAND for used and new vehicles is actually FAR LOWER than the current situation. You just have new players competing for the same vehicles.
Carmax/Vroom/Carvana are literally in a bidding war to outfuck each other. Fascinating...