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Wholesale used car prices plummet as retail prices soar
The Hill ^ | 11/07/2022 | TOBIAS BURNS

Posted on 11/07/2022 9:29:05 AM PST by ChicagoConservative27

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To: ChicagoConservative27

Government interference has added confusion as well. The government wants to force everyone to go to electric cars but there is little infrastructure to support electric cars.

Gasoline cars are expensive and slim pickings on new car lots. One could continue down this route I suppose.

A hybrid might seem like a reasonable choice. I have nothing against them. However hybrids require you to maintain both technologies — gasoline and electric — and thus there is more complexity it seems than an ordinary gasoline powered car.

If one needs a car now it is a confusing costly mess.


21 posted on 11/07/2022 9:43:23 AM PST by plain talk
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To: Red Badger

“Your next car will be electric....................”

Wanna bet?


22 posted on 11/07/2022 9:44:32 AM PST by traderrob6
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To: House Atreides

I know, I couldn’t believe it either. I had bought my last few vehicles from this Ford Dealership and they reward loyalty there. And this was last November, before the hurricanes and it was brand new from factory. I saw the car carrier pull up and it sitting on top, and I said, I’ll take that one right there, it took them 3 days to “check it in” before I could even take delivery.


23 posted on 11/07/2022 9:44:39 AM PST by TexasFreeper2009
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To: ProudDeplorable

In 1981 I was auditing a large bank that owned a subsidiary for floor planning car dealerships and consumer auto loans.

Interest rates went up.

Consumers couldn’t afford the high loan payments and stopped buying.

Dealerships couldn’t afford the floor plan rates and were stuck, needing to dump all cars at huge losses.

The number of new car dealerships that went bankrupt skyrocketed.

Estimated loan loss computations were a nightmare for me.

New home construction died overnight.

History is repeating itself.


24 posted on 11/07/2022 9:45:10 AM PST by tired&retired (Blessings )
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To: traderrob6

You might not have any choice.

Gasoline powered cars will be removed from the market.

Gasoline will be removed from the market.

Used cars will be worth the value of their scrap metal.............


25 posted on 11/07/2022 9:47:06 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: ChicagoConservative27

plummet??? ummmm, no...


26 posted on 11/07/2022 9:49:29 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Red Badger

only if it’s an electric hearse...


27 posted on 11/07/2022 9:52:54 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: ProudDeplorable

Stay out of accidents!

Almost got nailed on the highway the other day. Having the repair a car with a lot of damage might be very difficult these days. And you may end up with the total $ but can’t replace the car because none are available.


28 posted on 11/07/2022 9:53:03 AM PST by dhs12345
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To: ChicagoConservative27

I was at a CarMax recently (selling, not buying), and I was *shocked* at what they’re trying to get for ho-hum 2 or 3 year-old Camrys and Accords. Yes, $20k and up. I’m thinking, what the hell did someone pay for these things new, like $25k? It’s insane.


29 posted on 11/07/2022 9:54:38 AM PST by irishjuggler
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To: ChicagoConservative27

Do we still have a Consumer Protection Bureau? Is this price gouging?


30 posted on 11/07/2022 9:55:10 AM PST by eeriegeno (Checks and balances??? What checks and balances?)
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To: traderrob6

I’ve never bot a Brand New car/truck.


31 posted on 11/07/2022 9:55:58 AM PST by Osage Orange
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To: Red Badger
Your next car will be electric....................
I'm betting your next one after this (EV) won't be electric.
32 posted on 11/07/2022 9:56:17 AM PST by lewislynn (Trump accomplished more in one term than any other President in your lifetime.)
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To: lewislynn

Horse and wagon......................


33 posted on 11/07/2022 9:57:38 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: fwdude

How much and where?


34 posted on 11/07/2022 9:57:39 AM PST by bankwalker (Repeal the 19th ...)
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To: fwdude

Actually, I wish.

/21 year old PT Loser with 250K for trade


35 posted on 11/07/2022 9:58:51 AM PST by Salamander (Please visit my profile page help save my beloved dog's life. https://www.givesendgo.com/G2FUF)
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To: Red Badger

That is considered ‘Low Mileage’ nowadays

My 2016 Toyota Highlander bought new now has 29,000 miles on it.

Took it to the dealership for an oil change and two days later I got an offer from them. $26,000 trade in on a new Highlander. I just laughed and threw it away. My 2016 has a life time bumper to bumper warranty that goes with the car if I give or sell it to one of my children and I’m giving it to my daughter.


36 posted on 11/07/2022 9:58:58 AM PST by Graybeard58 (Best left handed banjer picker on my whole block.)
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To: bankwalker

$12,800. DFW area.


37 posted on 11/07/2022 9:59:13 AM PST by fwdude (Society has been fully polarized now, and you have to decide on which pole you want to be found.)
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To: Red Badger

BS


38 posted on 11/07/2022 9:59:13 AM PST by Osage Orange
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To: Osage Orange

Remember you heard it here first!................


39 posted on 11/07/2022 9:59:56 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: ProudDeplorable
I give it a year before they can’t find buyers and retail will plummet.

Excellent right about when I need one.

40 posted on 11/07/2022 10:02:56 AM PST by usurper
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