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Doubt used will be impacted at all, if much. People are always looking for good deals on used cars, and most sellers dont immediately need to get rid of them, t
by kart23 6y ago
Doubt used will be impacted at all, if much. People are always looking for good deals on used cars, and most sellers dont immediately need to get rid of them, they can wait for a year or half a year and wont really depreciate that much.
- lozaning 6y agoUsed is supposed to get slaughtered: https://www.zerohedge.com/news/2017-03-31/heres-why-used-car-prices-may-crash-50 https://www.zerohedge.com/news/2017-03-31/heres-why-used-car... If you're a person with an old truck you'd like to get rid of, yea maybe you can wait 2 years to sell it. If you're a BMW dealership that got 120 cars back from lease this month, and you're going to get 120 more next month, and next month, and next month...
- tempestn 6y agoOn the other hand, in recessions a lot of demand can shift from new to used. That might partially counteract the fact that used supply is less flexible than new.
- kart23 6y agoThe article was written in 2017... And it's predictions were pretty much completely wrong. It's crashed this month, but the used car market has been inflated for a while now. I'm in the market for a new (used) car, and haven't really seen any good prices honestly. Should I just wait longer? https://publish.manheim.com/content/dam/consulting/ManheimUsedVehicleValueIndex-LineGraph.png https://publish.manheim.com/content/dam/consulting/ManheimUs...