Would You Buy a Car at $19,000 over MSRP? Majority Say They Would

[SCA]

https://www.caranddriver.com/news/a4...srp/?source=nl

[robg]

Originally Posted by SCA

https://www.caranddriver.com/news/a4...srp/?source=nl

Wow. Even if it were a dream car that I'd wanted for years I still dont think i could bring myself to pay $19k over sticker!! It does seem like prices may be softening atleast for some mainstream models...an Audi dealer just sent me a promo email that mentioned 5k off on their Q5 inventory. I also makes me wonder if buyers who are looking at a mainstream crossover (like a RAV4) with a big markup are considering stepping up to a BMW or Audi. With that big of a markup you could go from something like a pretty basic RAV4 to a nicely equpped q5 or x3 for example. Just doesn't make any sense.

[Nick M3]

I mean, I think that's pretty meaningless vs. actual data. Yeah, people were paying over sticker, but not that much.

Also probably skewed by cost insensitive buyers. You know, like the 911 market.

[SCA]

And then there is this news from Automotive News - Big banks warn of trouble with auto loans as used-vehicle pricing erodes ~ Used-vehicle prices slumped 7% in third quarter, the worst decline since the depths of the global financial crisis, according to Manheim.

[FC]

That's crazy. I'm annoyed about the whole Boxster situation, but while I could see paying $5k over to get it soon, I'm not paying 20k.

[wdc330i]

Originally Posted by SCA

And then there is this news from Automotive News - Big banks warn of trouble with auto loans as used-vehicle pricing erodes ~ Used-vehicle prices slumped 7% in third quarter, the worst decline since the depths of the global financial crisis, according to Manheim.

I follow some used car sales guy on Twitter, and he claims used car prices are dropping ultimately by about 25% and there will be used car dealers who purchased inventory at a premium who will go under...

[Nick M3]

Originally Posted by wdc330i

I follow some used car sales guy on Twitter, and he claims used car prices are dropping ultimately by about 25% and there will be used car dealers who purchased inventory at a premium who will go under...

Yeah... The economic news is *bad*. I believe it. Unless the fed backs off soon, it's going to be ugly.

[SCA]

Originally Posted by wdc330i

I follow some used car sales guy on Twitter, and he claims used car prices are dropping ultimately by about 25% and there will be used car dealers who purchased inventory at a premium who will go under...

I suppose if we look at the glass half full from that, it will rid ourselves of a lot of Mom and Pop, shady used car dealers. Which btw are a dime a dozen in East Tennessee.

[SCA]

This just popped up in my Apple News feed. Popular used cars like the Toyota RAV4 and Ford Mustang now 'unaffordable' - Used-car prices have increased by 52% over the last three years, far outpacing American wages. https://apple.news/A6V1Y2yPLRFiQFVco5FaqEQ

[dan]

yeah, I have a friend who has a 16yo who has saved $10,000 from mowing lawns and she was asking on FB about used car recs and frustrated with how hard it is to find something safe/reliable