[Toast Crunch]

I have been check online price offers from Vroom and Carvana twice a month since September on my 2021 Charger SPWB. I have been doing this just to have data points on the market. Todays offers mark the first dramatic decrease in offers since I began. The offers dropped from the 54k area to 48k in the last 14 days. Just thought some of you might find this interesting. I was surprised at such a large drop considering Manheim Auction Data showed an increase in prices for January. This is the first sign of a prick to the bubble that I have seen.

 

[Germansheperd]

The book caught up with winter

 

[procharger]

They have a lot of kittys for sale

 

[Slowpoke387]

Winter time drop. Check back in late spring. I’d be curious to see then.

 

[frictioncircle]

may corelate with ^^ inventory...

 

[White Trash]

It’s crashing as predicted

 

[Turd McGavin]

It’s crashing as predicted

Great prediction, your crystal ball must be awesome. Its like you can't lose, if it crashes you can say, see I told you so and if it doesn't nobody would notice.

 

[Blutiful]

Yes, I've been watching prices for a while too and am starting to see new Hellcat cars being advertised for less than MSRP

 

[Rockster]

Not always the case but often the faster something experiences a price increase the faster the price decreases when the price begins to go down.

Also a dealer is looking at what prices might be some time from now. I'm sure the dealer wants to pay no more for cars that it can expect to recoup (and then some) when the cars finally sell. This can be the day after the car arrives on the lot or it can be much longer than that. I believe a dealer would at some point auction away any stock that was left unsold before the price dropped to where he would stand to lose money.

 

[DIYDanCars]

The Mannheim price index which tracks the values of used cars is down almost 10% too. I'm not surprised by any of this considering the Fed is tapering its purchase of treasury bonds and also raising interest rates. All of these measures are a recipe for falling asset prices.

I have been watching the market for used Hellcats and a lot of them that I started watching 5-6 months ago are still for sale today. I think Mr. Market has run out of suckers to pay MSRP or over MSRP on a 2-3 year old vehicle with 10-20k miles on the clock. This decline was bound to happen!

 

[MJS73]

Great prediction, your crystal ball must be awesome. Its like you can't lose, if it crashes you can say, see I told you so and if it doesn't nobody would notice.

Well, he had a 50/50 chance of being right.

 

[Toast Crunch]

The price fall isn’t surprising. The amount of the fall in two weeks was (to me at least). I expected at most 2-3%, five times that took me by surprise.
I never check my Redeye, because I would never sell it, but just out of curiosity I checked it just now. 2021 Challenger RENB 1327 miles - Driver Convenience Group is the only option it has - $66,400 from Vroom.

 

[hc797]

In Florida they still want MSRP + $20k to $30k for a new 2021 redeye!

 

[HDwrenchTX]

A guy that has a dealership with like 5 Demons priced $225k offered me 65k for my car I told him even KBB cash offer dealers are paying 72. Anyway... I told him no matter what he marked my car up to it would look like a steal parked next to those Demons.

 

[DIYDanCars]

In Florida they still want MSRP + $20k to $30k for a new 2021 redeye!

And they are still for sale... There are quite a few 21' REs listed on Autotrader at MSRP and they still haven't moved so I would imagine any dealer asking for a 20k ADM (added dealer markup) will probably be sitting on them for a very long time.

 

[2ndAmend]

It’s crashing as predicted

So what's the EF Hutton on the market?

 

[MJS73]

You guys know that these sites just scrape data and they don't know that the vast majority of these new Hellcats are customer-ordered cars (which still appear in dealer's inventories)? For example, Autotrader lists a 2022 F8 Challenger Hellcat at a dealer in Oak Lawn, IL but the car is not actually at the dealer and it's a customer's car.

 

[White Trash]

Just in the last 3 weeks same car dropped 10k on Carvanna

 

[Turd McGavin]

Just in the last 3 weeks same car dropped 10k on Carvanna

thats because its a stolen recovery vehicle now

 

[rand]

And they are still for sale... There are quite a few 21' REs listed on Autotrader at MSRP and they still haven't moved so I would imagine any dealer asking for a 20k ADM (added dealer markup) will probably be sitting on them for a very long time.

They may say that on Autotrader but that's not what they're actually asking for it. I called some of those dealerships and they were in fact 10 to 20k over MSRP.