• Welcome to SVTPerformance!

Used Car Prices...

Discussion in 'Road Side Pub' started by Corbic, Aug 20, 2020.

  1. 13COBRA

    13COBRA Resident Ford Dealer Premium Member Established Member

    Messages:
    16,957
    Joined:
    Jun 4, 2012
    Location:
    Missouri
    In a heartbeat. It's not smart to keep it.
     
  2. Booky

    Booky Who's Pick'n The Banjo Here? Established Member

    Messages:
    3,448
    Joined:
    Feb 3, 2010
    Location:
    Evansville, WI
    I have been watching prices of used vehicles closely since the beginning of this year, wanting to get something to replace my Hellcat. Prices have been ridiculous on used vehicles, but people are buying them as fast as they are listed.

    Everyone and their brother is listing POS rust buckets for insane prices on Craigslist.

    I am hoping that when the bubble bursts I will have my pick of the litter and save Thousands $$$ at the same time.



    .
     
    *Jay*, VenomVeins and Deceptive like this.
  3. 13COBRA

    13COBRA Resident Ford Dealer Premium Member Established Member

    Messages:
    16,957
    Joined:
    Jun 4, 2012
    Location:
    Missouri

    Maybe.

    OR, a lot of people will decide they don't want to part ways with their vehicles that's dropped $5k overnight...and just hold on to it.
     
    BOOGIE MAN and me32 like this.
  4. sleek98

    sleek98 Well-Known Member Established Member

    Messages:
    1,929
    Joined:
    Nov 19, 2012
    Location:
    Kansas City, MO
    That was my plan too, but like Nick said they might just hold on to them. Hopefully the new car production gets back online and prices drop back to deal levels when they have an overstock, but that might take 2 years at this point.
     
  5. HuntFishCobra

    HuntFishCobra Formerly MarkOPKS Premium Member Established Member

    Messages:
    1,006
    Joined:
    Oct 29, 2011
    Location:
    KS
    Wife and I are having same debate. Her Jeep is paid off, my f150 will be in a year. Having 2 trucks would be so useful. I’ll be visiting Nick soon to test drive the 7.3 f250 he has on its way haha
     
  6. Blackoyote

    Blackoyote Well-Known Member Established Member

    Messages:
    1,947
    Joined:
    Dec 26, 2013
    Location:
    Matthews, NC
    It's ridiculous right now...dudes are getting $22-25k checks from Carvana for 11-14 GTs with 30k miles on them.

    My super clean 11 with same miles I had a hard time selling for $22.5k SIX YEARS AGO.

    Webuyanycar wrote me a check for my C6 that was the same as I paid for it 6 months prior...but with a little engine tick that developed.

    I'm in a situation now where I want a used PP2 or 40-50k mile GT350, or even a 13 Boss, but the prices have gone absolutely bat shit.

    Don't even get me started on the two wheel used market right now lol.
     
    VenomVeins likes this.
  7. apex svt

    apex svt MEAN STREAK Established Member

    Messages:
    1,833
    Joined:
    Jun 29, 2012
    Location:
    USA
    Definitely noticed the drastic rise lately. I bought my daily at the perfect time I think. In Late May when everything was on the cheaper side.
     
  8. Corbic

    Corbic Well-Known Member Premium Member Established Member

    Messages:
    6,690
    Joined:
    Apr 14, 2015
    Location:
    Desert Oasis
    Yeah, thinking of trading the 1320 Scat for a new truck..... Sigh
     
    VenomVeins and ON D BIT like this.
  9. nickf2005

    nickf2005 Well-Known Member Established Member

    Messages:
    2,309
    Joined:
    Apr 8, 2012
    Location:
    IN
    I don't need a new truck. Mine is exactly what I need and is a '15 with 78,000 miles and gets very little miles that I'm now WFH.

    That said, it's really hard to pass on the value of the used market and some of the incentives on new. I could buy a 2020 now and be set for 10+ years.

    Sent from my SM-G975U using the svtperformance.com mobile app
     
  10. me32

    me32 BEASTLY SHELBY GT500 TVS Moderator

    Messages:
    16,536
    Joined:
    Sep 6, 2005
    Location:
    CA,NorCal
    Gonna keep the cobra?
     
  11. Corbic

    Corbic Well-Known Member Premium Member Established Member

    Messages:
    6,690
    Joined:
    Apr 14, 2015
    Location:
    Desert Oasis
    Yup, she's in it for the long haul.
     
    VenomVeins and me32 like this.
  12. AustinJ427

    AustinJ427 Well-Known Member Established Member Beer Money Bros.

    Messages:
    5,716
    Joined:
    Jan 29, 2014
    Location:
    Colorado
    Toys are the same way.

    My wife's parents bought a small camper trailer 2 years ago from a dealer for $7500. Didn't do any repairs or anything to it. Just used the shit out of it, from CO to OR twice, and to TX 3 times, sold it on Craigslist a month ago for $11,500.
     
    ON D BIT, VenomVeins and me32 like this.
  13. me32

    me32 BEASTLY SHELBY GT500 TVS Moderator

    Messages:
    16,536
    Joined:
    Sep 6, 2005
    Location:
    CA,NorCal
    Glad to hear
     
  14. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member Top Shelf Gentlemen

    Messages:
    17,283
    Joined:
    May 18, 2012
    Location:
    MN
    The way RV lots sold almost all their inventory still just blows my mind. The dichotomy between people who are crazy busy and people who are hurting is just crazy.
     
  15. Double"O"

    Double"O" N2S come get some Established Member

    Messages:
    16,967
    Joined:
    May 12, 2003
    Location:
    PA
    Truck prices are way up...i wanna trade my 15 f150 so bad but not having any car payments is sweet...and im buiding a house this spring...i hope...got the money but supplies are also rare is seems
     
  16. mysticsvt

    mysticsvt southernmustangandford Premium Member Established Member

    Messages:
    5,472
    Joined:
    May 31, 2004
    Location:
    Charleston, SC
    Might be why I got this....
    ford.jpg
     
  17. gimmie11s

    gimmie11s Don’t be an idiot Established Member

    Messages:
    13,177
    Joined:
    Jun 1, 2004
    Location:
    so cal
    Thats when you buy buy buy
     
    me32 likes this.
  18. 13COBRA

    13COBRA Resident Ford Dealer Premium Member Established Member

    Messages:
    16,957
    Joined:
    Jun 4, 2012
    Location:
    Missouri
    Kinda.

    A lot of people are going to want too much for their vehicles still.

    Sent from my potato using Tapatalk
     
    ON D BIT likes this.
  19. MFE

    MFE Well-Known Member Established Member

    Messages:
    1,996
    Joined:
    Oct 29, 2005
    Location:
    Phoenix
    Ask any dealer who sells used cars how they can increase business, and they'll say "just get me more vehicles. I can sell them if I can get them." The used car market took off even harder after new vehicle inventory started drawing down while factories were closed. That inventory is only just now coming back into the pipeline, so the used market remains red hot.
     
    me32 likes this.
  20. nxhappy

    nxhappy Well-Known Member Established Member

    Messages:
    9,773
    Joined:
    Dec 16, 2006
    Location:
    AZ
    cars, boats, trailers, rvs, everything is going way up. So sell now if you want profit LOL.
     
    VenomVeins and me32 like this.

Share This Page