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Also note, pre-owned vehicle prices in the US have greatly increased since March. The company I work for, we can provide the original window sticker for a pre-
by daniellarusso 6y ago
Also note, pre-owned vehicle prices in the US have greatly increased since March.
The company I work for, we can provide the original window sticker for a pre-owned vehicle.
This had been a desired feature for several years.
Now, dealerships no longer want the customer to see that info on a pre-owned vehicles, because it has the list price of the vehicle as new.
The pre-owned price is very close to the new price.
- breakingcups 6y agoDo you know why those prices have increased? I naively would've expected those prices to drop due to COVID, not increase. Also, why would one still buy a pre-owned vehicle if a new vehicle is available for a very similar price?
- daniellarusso 6y agoSo, the current ‘joke’ is, buy a brand new vehicle, wait a month for its value to appreciate, then sell it back to the dealership. My guess on the reason for the pricing increases is several factors: At the beginning of the ‘shutdown’, it affected auto auctions, where dealers obtain a decent amount of their pre-owned inventory, besides trade-ins. Actual manufacturing shutdowns decreased new car outputs The rescue package allowed for a substantial jolt for vehicle financing, and it is not uncommon now for people to finance a car for a 6 year term. There are also 7 year terms, now. So, awash in finance money and limited supply.