2022 Pricing and used value
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well it's not like they are cranking out any new ones...
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The construction industy is always a great leading indicator of the economy. Inflation has already stopped many school, and large commercial and industrial projects across the country, because inflation has blown budgets apart by 25%+++.
IMO, this is just the first sign of bad things coming our way.
IMO, this is just the first sign of bad things coming our way.
Another 12-18 months imo. I’m seeing worse shortages of used cars at the wholesale level than before with wholesale prices still ridiculously high. Inventory is extremely hard to get. This isnt getting better overnight.
I’m going to guess there MIGHT be some relief by the end of this year.
Maybe on new car production but used prices will hold longer until the trickle down effect kicks in.
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Fed has already stated that they are going to "slowly" raise rates, so all you that just had to order a RE in 21' and have 0% APR from Dodge are sitting pretty and all the guys getting 22's in the 2nd qtr will be paying 2% or more as Dodge's ability to finance is directly affected by the lending rate. As the interest rates rise the market will soften, most of the people (like me) who saw the prices starting to rise and supply diminish went ahead and bought cars so I expect sales to drop by the end of 22' and be "dismal" across the board for manufacturer's sales goals in 23'. This doesn't really effect the 1% but those of us who can't throw down $100K cash or do care about the rate. I would posit that the rush to buy recently will depress the market next year.
You can do a web search as there are about a dozen articles that came out last week about them raising the rate.
One thing to consider is the platform ending. This is going to cause Hellcat prices at least to hold strong imo due to the rush of people who know that 2022/23 will be their last chance to get one. Interest rates be damned. I dont see a Hellcat sales slump from here on out.
Not going to happen. Talking to the real insiders- suppliers that deal directly with the manufacturers for projections and futures are bad to worse.
If the prices are bad now wait till you CAN’T buy a new one ever.
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Yeah, I don't think people are really aware of the inflation that's coming, what we've seen so far has been all reactionary, now the fallout has led to shortages in the workforce and materials in addition to increasingly more stringent environmental regulations which have driven up prices already. Many manufacturers took big hits trying to hold prices down and now they are adjusting for the new economic environment. I'm on the commercial construction side and can tell you that we've seen everything go up, nothing coming down (except lumber which went up 300% at one point), and delay's in certain materials are still not shrinking.
I would say that any cars or trucks over $75K bought for personal use and not for necessity may not suffer as much, then again those who were in that range may be looking for more economical vehicles now. The used market for muscle cars will probably get even stronger for the reasons Slowpoke stated above.
I would say that any cars or trucks over $75K bought for personal use and not for necessity may not suffer as much, then again those who were in that range may be looking for more economical vehicles now. The used market for muscle cars will probably get even stronger for the reasons Slowpoke stated above.
I'm not sure when it will happen, but I know how it will happen.
When supply chains catch up, the premiums will remain in place. We will gradually go from non-availability, to availability at MSRP. People have been waiting or overpaying for over a year, MSRP will be welcome relief. Only after the market gets saturated will prices start to come down and discounting will begin, starting with the least desirable vehicles. Buying a vehicle at the local dealer at 10% below MSRP is at least a couple years away.
When supply chains catch up, the premiums will remain in place. We will gradually go from non-availability, to availability at MSRP. People have been waiting or overpaying for over a year, MSRP will be welcome relief. Only after the market gets saturated will prices start to come down and discounting will begin, starting with the least desirable vehicles. Buying a vehicle at the local dealer at 10% below MSRP is at least a couple years away.
I hope you are right. I don’t see it happening by what the true insiders are telling me.
I think that may apply to everything other than Hellcats. I know I'm repeating myself but the Hellcat market will stay unique unto itself because they're ending production. There needs to be a differentiation between the general auto market and a unique niche segment that is wildly popular and soon unattainable. The two don't go together so it’s important to specify when projecting future market movement. Are your insiders talking Hellcats? Overall market? Both?
They do go together. The shortage in the overall market will just make the niche market that much worse. Factor in GT500s are gone after this year, ZL1 and Camaro gone after next year, Hellcats and Challengers gone after next year.
People think prices and ADMs are high now wait till you can’t buy anything.
See I dont think they all go together. Muscle cars dont get lumped in with Sentra’s and Corolla’s. Eventually the chip deal will catch up with production. EVENTUALLY. The market will somewhat “normalize”. What that looks like, who knows but they will eventually produce enough chips and supplies will be there. Used prices will def lower themselves by default on commuters and dailies. But niche muscle cars like you mentioned will be crazy high imo.
You’re right though, it’s going to get worse for fun ICE muscle cars. I think we’re both right, I’m just more right
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I've noticed TONS of Nissans on the lots for many months... I guess even in a time where there is a "shortage" of cars no one still wants to buy a Nissan
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Haha. Yeah I believe that as much as I believe "14 days to flatten the curve" on this Covid BS
There is some info the values are in decline though it is not severe.
Too much to type in. Link:
The odds are a used car is as worth as much as it ever will be right now. If one delays in the hope of reaping a bigger profit selling/trading in a used car he is very much likely to be disappointed.
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