4 ms·
Used 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/
by lozaning 6y ago
Used 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...