Used car prices coming down in the USA. This isn't great for new car buying as dealers will offer less on a trade. Dealers still aren't moving much on new car pricing (yet).
@major I think the e-buyers like carvana are trying to reverse that, but I say let the prices fall, cars are not assets and honestly the whole covid no production thing is over
@stevensanderson I see your point, but there are serious economic consequences either way. More people will be underwater on auto loans and new cars will feel more expensive.
@major Yes people will be underwater on car loans, which sucks but I would say is typical, cars retain zero value, your underwater as soon as you leave the lot. I think the manufactures in their quest to extract as much money as possible from people have over inflated the price of cars and dealers made it even worse. For the life of me I can't understand why people are paying, I negotiated my and my wifes cars down tremendously, always prepare to walk out, cars get pumped out.
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