Used car prices,what goes up must come down.?

maximus

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Aug 18, 2005
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I looking for a good used car,but prices are high,what should i do wait and hopefully they come down.
 

87112

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Dec 13, 2004
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I cruise the car ads and in the used market Buicks and Nissan Altimas 5th gen and lower are the best bargains out there.

Audis and VWs are lower in used prices than similar Japanese products since a lot of people will not go near them cause of high repair bills and parts. I love the VW rabbit, still eyeing a used one with the 2.5 motor and manual.
 

rubylabellexo

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Apr 23, 2018
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It was quite the shock when I looked up my car's approximate black book value and realized I could potentially sell the car I bought 6 years ago... at no loss 😂

Not worth it though, my ride is so reliable I couldn't bear to risk it on something shiny and new!

But surely prices must settle back down soon? 🤔
 

Motorman

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Feb 8, 2023
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It was quite the shock when I looked up my car's approximate black book value and realized I could potentially sell the car I bought 6 years ago... at no loss 😂

Not worth it though, my ride is so reliable I couldn't bear to risk it on something shiny and new!

But surely prices must settle back down soon? 🤔
I purchased a new 2021 Ford Raptor in June 2021 for about 93k OTD. I did not actually receive the truck until February 2022. when I went to the dealer to pick it up, the dealership offered me 111k for the truck, but I refused. I wen home and checked carguru and discovered used Raptors were going for 120k. Things have settled down a bit, but I just read the attached. The world is spinning backward.
https://www.cnn.com/2023/04/02/cars/worst-time-to-buy-car-prices-inflation-dg/index.html
 

Noob888

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Jan 28, 2006
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It was quite the shock when I looked up my car's approximate black book value and realized I could potentially sell the car I bought 6 years ago... at no loss 😂

Not worth it though, my ride is so reliable I couldn't bear to risk it on something shiny and new!

But surely prices must settle back down soon? 🤔
Despite how reliable you think your current (used) vehicle is, it's not as reliable as a brand-new vehicle while under full manufacturer's warranty, unless maybe its a German or English brand vehicle. There are still wait lists with new vehicles, and you're paying MSRP (if you're lucky) and more. This is why used cars now are being sold at a premium.

I was looking at car batteries at Costco with a friend recently, and the price went up substantially from just a year ago. Greedflation is real, folks.

Additionally, getting parts such as tires remain a challenge. Of course, this is something the hardcore green movement, especially those who take transit and cycle around town, are very pleased about.
 

YYC

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Jan 21, 2017
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Why does anyone still believe the myths about capitalism, one of which is that the price of anything ever goes down?
 
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poorboyv6

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Despite how reliable you think your current (used) vehicle is, it's not as reliable as a brand-new vehicle while under full manufacturer's warranty, unless maybe its a German or English brand vehicle. There are still wait lists with new vehicles, and you're paying MSRP (if you're lucky) and more. This is why used cars now are being sold at a premium.

I was looking at car batteries at Costco with a friend recently, and the price went up substantially from just a year ago. Greedflation is real, folks.

Additionally, getting parts such as tires remain a challenge. Of course, this is something the hardcore green movement, especially those who take transit and cycle around town, are very pleased about.
German vehicles are not reliable and they haven't been for a quarter century. English cars have never been.

Even the Germans are saying their cars are not reliable.

What Happened To Quality German Cars? - YouTube

Independent reviewers also confirm this.

Consumer Reports 2022 Rankings Rate Mainstream Cars Over Luxury Models - Forbes Wheels

The best and worst brands for reliability | Driving

Buy Japanese or Korean if you want reliable.
 
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carvesg

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German vehicles are not reliable and they haven't been for a quarter century. English cars have never been.

Even the Germans are saying their cars are not reliable.

What Happened To Quality German Cars? - YouTube

Independent reviewers also confirm this.

Consumer Reports 2022 Rankings Rate Mainstream Cars Over Luxury Models - Forbes Wheels

The best and worst brands for reliability | Driving

Buy Japanese or Korean if you want reliable.
Totally concur . I don't know anybody who bought German or British that have had much luck in terms of reliability
 
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Noob888

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German vehicles are not reliable and they haven't been for a quarter century. English cars have never been.

Even the Germans are saying their cars are not reliable.
Buy Japanese or Korean if you want reliable.
Yup. Perhaps it wasn't clear in my post. German and English branded cars are anything but reliable. Many who drive them tend to lease them for up to 48 months or however long maintenance et al. is included gratis.

Next time you see an Audi on the road, pay attention to it's headlights and see if it's burned out, lol.
 
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rubylabellexo

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Yup. Perhaps it wasn't clear in my post. German and English branded cars are anything but reliable. Many who drive them tend to lease them for up to 48 months or however long maintenance et al. is included gratis.

Next time you see an Audi on the road, pay attention to it's headlights and see if it's burned out, lol.
Yes, I misread your post and thought you were saying that my older vehicle might be more reliable if it WAS an English or German vehicle. I was like 👀😂


Common Toyota and Honda models that aren't super super new, all the way. Cheap parts, cheap to run, very few problems for the most part. :)

I've had to replace a part that has a tendency to need replacing with my particular model. It's needed veeerrry little else!
 

angry anderson

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Nov 8, 2014
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Agreed about British cars. Had a British mechanic tell me to "get rid of it mate" about a piece of shit British car I was trying to drive but getting towed.
My 30 year old Toyota is worth more than I paid for it 12 years ago. Was looking to replace it because it can't go on for ever. But it does. Same car selling for twice as much as I paid for it back then.
 

87112

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What happened to Acura 29 out of 100 for reliability?

Terrible

Consumer Reports also conducts an automotive reliability survey, collecting over 420,000 responses since 2000, but their results are not limited to a single model year, and simply provide a rolling snapshot of brands’ and models’ reliability. In their latest Consumer Reliability Survey, Lexus was the top brand, with a score of 81 out of 100 for “Average Predicted Reliability”, followed by Mazda and Toyota tied at 77. Meanwhile, at the bottom of the heap, Cadillac was dead last with 23, Alfa Romeo at 27 and Acura 29. Seeing as this is a prediction of future reliability based on past performance, it should be taken with an appropriate sprinkle of salt.
 

Noob888

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Jan 28, 2006
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Common Toyota and Honda models that aren't super super new, all the way. Cheap parts, cheap to run, very few problems for the most part. :)

I've had to replace a part that has a tendency to need replacing with my particular model. It's needed veeerrry little else!
Toyota and Honda parts aren't that cheap, actually. While they are much cheaper than German and English brand vehicles, North American vehicles are the least expensive when it comes to parts, assuming the models aren't rebranded imports. The supply and demand constraints haven't spared Toyota and Honda used parts. I know one fella who's stocking up on parts because he's afraid he won't get them when he needs them.

As I mentioned above, many all-season tires at Costco are sold out. The last thing any vehicle owner would want is to be involved in a collision or an act of God where their vehicle is a write-off. Leasing has never been so popular now because many people can't get the vehicle they want, but they need something now. It seems haggling or negotiating the price of a new vehicle is a thing of the past, and it may remain for the foreseeable future or God forbid, indefinitely.

Consumer Reports also conducts an automotive reliability survey, collecting over 420,000 responses since 2000, but their results are not limited to a single model year, and simply provide a rolling snapshot of brands’ and models’ reliability. In their latest Consumer Reliability Survey, Lexus was the top brand, with a score of 81 out of 100 for “Average Predicted Reliability”, followed by Mazda and Toyota tied at 77. Meanwhile, at the bottom of the heap, Cadillac was dead last with 23, Alfa Romeo at 27 and Acura 29. Seeing as this is a prediction of future reliability based on past performance, it should be taken with an appropriate sprinkle of salt.
I'm not a fan of CR at all. I found JD Powers to be more reflective of "actual" reliability. Mazda has lost its popularity and competitive advantage. The first few generations of the Mazda3 were the most reliable.
 

Motorman

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Totally concur . I don't know anybody who bought German or British that have had much luck in terms of reliability
I own a 2018 Porsche Macan GTS and a 2019 BMW X5M. No problems yet, however both are totally not worth the price, but are a blast to drive. However, truth be told, my Ford Raptor is the favorite
 

carvesg

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I own a 2018 Porsche Macan GTS and a 2019 BMW X5M. No problems yet, however both are totally not worth the price, but are a blast to drive. However, truth be told, my Ford Raptor is the favorite
Shhhh ..... keep that for yourself !!! Otherwise the Europeans will be banning you from walking in to their showrooms around town. 😉

Esthetically, ergonomics, finish and displacement is definitely a European forte.
Reliability over time not so much even though my sprinter has been the most reliable van I've ever owned...go figure ...in 6 years just the turbo air intake box popped when gunning it too hard.


Definitely the car market is still skewed by the supply chain problems COVID inflicted on us . But I think the carmakers are not so disappointed and are finding that by lowering inventories that they are making almost as much ( right on time=less stock to finance ) . The sales people are not so lucky though
 

jgg

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Fuck Porsche and BMW. My autum daily driver. $1,200,000.00 each. I have a choice of three on any given day.

 
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