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Used car prices

Ricci.WrightRicci.Wright Member Posts: 5,128 ✭✭✭✭
in General Discussion

I just saw where used cars are going down in price 1% / week. That's a lot of you are a dealer owning a lot of them. Also said the repos are going to be rampant this coming year. Carvana is supposed to be way underwater.

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Comments

  • mike55mike55 Member Posts: 3,053 ✭✭✭✭

    Well, like gas.......prices went UP over 100% sooooooooo dropping 1% is nothing.

    Around here, used vehicle prices are NOT dropping.....not even a measley 1%

    FJB

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  • select-fireselect-fire Member Posts: 69,448 ✭✭✭✭
    edited November 2022

    Foreclosures and Credit Card debt will come around by spring to mid next yr. Market will be flooded with used cars and homes. However new car interest rates will soar above home rates. So all these newfangled electric cars will not sell unless the govt gives real good incentives to put the buyers deeper in debt.

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