Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
New Vehicle Prices...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="noco5.0" data-source="post: 16632847" data-attributes="member: 138474"><p>Saw this interesting update from John Clay Wolfe the owner of GivemetheVin.com commenting on wholesale used car prices.</p><p></p><p><em>We see market moves way before the press catches up. However, for those who care, we sold our thousand cars today and the car fever has cooled off in this heat. The car wholesale market was oversold huge, many took advantage and sold their used cars to companies like <a href="http://givemethevin.com/?fbclid=IwAR2KK6omzuV2Dm7zpFnHQLkG4oVMgvrk6oK93xTPy1Yp4YW-_0vnTzoac7U" target="_blank">GivemetheVIN.com</a> carmax and Carvana for at or more than they paid for it 1-2-3 yrs ago. Like lumber market, it just got goofy, and still is very high, higher today than years prior, but the helium balloon popped today. If you want to know what your blah blah blah is worth, I can tell you about 8% less this afternoon than before the automotive exchange bell rang in the 5 GMTV trading posts in Dallas Texas this morning. We set the market right here in the middle of the US. Some days are smiles, some are frowns. When you plan for the frowns, it’s not surprising. When a 3 year old Toyota Tacoma is selling at wholesale auction for the MSRP price it had on its window 3 and 4 YEARS ago, that shit ain’t sustainable. I read in the journal where lumber prices coming down quickly too. I think it’s good, hyper inflation is bad. I wrote about it few months ago when the used market when sky high, said yes we were making record profits but at what true inflationary cost? Like all capital markets, they tend to correct themselves, and hopefully that’s what we’re seeing starting now. TTYL </em></p><p><em>[ATTACH=full]1708223[/ATTACH]</em></p></blockquote><p></p>
[QUOTE="noco5.0, post: 16632847, member: 138474"] Saw this interesting update from John Clay Wolfe the owner of GivemetheVin.com commenting on wholesale used car prices. [i]We see market moves way before the press catches up. However, for those who care, we sold our thousand cars today and the car fever has cooled off in this heat. The car wholesale market was oversold huge, many took advantage and sold their used cars to companies like [URL='http://givemethevin.com/?fbclid=IwAR2KK6omzuV2Dm7zpFnHQLkG4oVMgvrk6oK93xTPy1Yp4YW-_0vnTzoac7U']GivemetheVIN.com[/URL] carmax and Carvana for at or more than they paid for it 1-2-3 yrs ago. Like lumber market, it just got goofy, and still is very high, higher today than years prior, but the helium balloon popped today. If you want to know what your blah blah blah is worth, I can tell you about 8% less this afternoon than before the automotive exchange bell rang in the 5 GMTV trading posts in Dallas Texas this morning. We set the market right here in the middle of the US. Some days are smiles, some are frowns. When you plan for the frowns, it’s not surprising. When a 3 year old Toyota Tacoma is selling at wholesale auction for the MSRP price it had on its window 3 and 4 YEARS ago, that shit ain’t sustainable. I read in the journal where lumber prices coming down quickly too. I think it’s good, hyper inflation is bad. I wrote about it few months ago when the used market when sky high, said yes we were making record profits but at what true inflationary cost? Like all capital markets, they tend to correct themselves, and hopefully that’s what we’re seeing starting now. TTYL [ATTACH=full]1708223[/ATTACH][/i] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
New Vehicle Prices...
Top