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> just got hosed It's a car; a depreciating asset. I think people got way too attached to the idea that cars were going up in value. In this case, they tried t
by laluser 4y ago
> just got hosed
It's a car; a depreciating asset. I think people got way too attached to the idea that cars were going up in value. In this case, they tried to curb demand by increasing prices when everyone seems to have been doing the same. Countless dealerships added BS overhead as supply was so low last year. That's all changing.
- ceejayoz 4y ago> It's a car; a depreciating asset. Sure, but cutting prices 20% on new ones means your asset you bought last week just depreciated substantially faster than planned.
- deleted 4y ago[deleted]
- rootusrootus 4y agoExactly. It's getting an entire year's worth of extra depreciation in an instant. It's just on paper until you go to sell, but that doesn't mean it isn't real.
- lanstin 4y agoAnyone buying a car in the last year or two had ample data that it was a bubble due to supply issues causing sellers to be unable to maintain the volume. i bought a used model 3 for 35k usd before the bubble, saw the prices for that same car and mileage spike to 65k and then drop to 45k and now still 40k I do find it interesting that with all the data out there, i find it hard to see a graph of prices over time for cars. not the instantaneous prices, thwy are ineascapable, but the trend and history.