The Used Car Market Will Crash

[SCA]

Originally Posted by dan

“…by the end of 2023”

I believe we will begin to see things leveling off by fall 2022, unless a new variant of Covid fubars things. High probability…

Originally Posted by lemming

They do. Indirectly. It’s the Audi S5 cabrio.

truth

[John V]

Originally Posted by lemming

They do. Indirectly. It’s the Audi S5 cabrio.

Isn't the 911 cabrio a four-seat GT?

[SCA]

The new abnormal: Auto sales had wild ride in 2021
U.S. auto sales in 2021 were upended by COVID-19 and chip shortages, elevating some, knocking down others, boosting dealer profits and sidelining millions of consumers. https://www.autonews.com/sales/2021-...t-unusual-year

[lemming]

Originally Posted by SCA

The new abnormal: Auto sales had wild ride in 2021
U.S. auto sales in 2021 were upended by COVID-19 and chip shortages, elevating some, knocking down others, boosting dealer profits and sidelining millions of consumers. https://www.autonews.com/sales/2021-...t-unusual-year

I don’t honestly see it getting better for the “enthusiast” cars.

We keeping running faster into the Electrification wall mandated by Europe. So as resources go to those cars, our ICE era is over.



As many have noted, I’ll be glad to be a dinosaur even if I’m paying $10 a gallon for gasoline.

And I’ll run around in my Silverado EV Work Truck.

[SCA]

Originally Posted by lemming

I don’t honestly see it getting better for the “enthusiast” cars.

We keeping running faster into the Electrification wall mandated by Europe. So as resources go to those cars, our ICE era is over.



As many have noted, I’ll be glad to be a dinosaur even if I’m paying $10 a gallon for gasoline.

And I’ll run around in my Silverado EV Work Truck.

Agreed…

[lip277]

Originally Posted by lemming

I don’t honestly see it getting better for the “enthusiast” cars.

We keeping running faster into the Electrification wall mandated by Europe. So as resources go to those cars, our ICE era is over.



As many have noted, I’ll be glad to be a dinosaur even if I’m paying $10 a gallon for gasoline.

And I’ll run around in my Silverado EV Work Truck.

Agreed also...
My take on the future is that there will be two markets....
** One for 'regular' cars (Camry, mini-van, commuter types - that kind of market)
** And another market for anyone who wants something 'different' than what new cars are turning into- Yes, enthusiast cars I put in there - as well as those of us who don't want to have all the nanny systems that new cars have (or will have).
For example - My E38...
When it comes time to replace it, I will likely not get anything new. This was already my mindset before electrification was coming along, but it is my mindset even more so now...
Another part of this group (IMO) is the HD truck (non commercial) market. 3/4 and 1 ton diesel styles. Think of the value the Ford Excursion attained (even before the recent run up) compared to the its original value. They stopped making them in 2005 and they have either holding their value or going up since about 2009 or 2010. Even when I bought my F250 in 2006 - I was seeing about an Excursion back then - but even at that point, the $$ were not where I wanted to be - so I bought my 2003 PSD. Recently my brother and I were talking that with the way this truck market is moving - each of us will likely be getting a new (or nearly so) PSD Ford F250 this coming year (he has already ordered his, I am on the fence but leaning that way). We both think that the truck market in the future will not be what it is now... in not a good way (for us anyway).

My nickel....

[Biggins]

Traded my wife's car on New Year's Eve!

[wdc330i]

Originally Posted by Biggins

Traded my wife's car on New Year's Eve!

Whaddya git?

[kognito]

And which crashes first?? Home values or car values?

[dan]

Originally Posted by kognito

And which crashes first?? Home values or car values?

The one where supply catches up with demand first