Fox Help with current retail values, please

Used prices are pretty insane right now but I’ve seen a decent number of exceptions when searching on auto trader and Craigslist.

I’ll say this about that…
At the beginning of the year, I traded the 2007 Jag XK coupe in on a 2018 Nissan Titan that had 11k miles. The Jag washed,..I owed as much as it appraised for..I just wanted it gone. The purchase price of the truck ended up being 28k. With fees and taxes, it was 31,500.00 OTD. The payment was in the middle 500 range.

Three months later, I got tired of 13 mpg, and got on Carvana’s website, plugged in that truck‘s vin into their appraisal app, and in 5 minutes had an offer for 35,800.00. We were at the height of Stupid used car values. By that time, i had bought the truck down to 30k.

Bottom line, i drove that truck for 3-4 months, and it netted almost 6k over what I owed.

I took that money, purchased a 99k mile 94 f 150 for 6500.00.
Just for shts an grins, got back on Carvana’s website, and plugged in that trucks info to see how they would value it…

$350.00. The retailers of the world, don’t want old ass sht.

I just sold that truck for 6250.00 to another dude. If i woulda stuck to my price, would’ve netted exactly what I had in it.
But I’m such a nice guy, and a pushover…dude got a deal.
But in the private sector, nice old “desirable” vehicles are still bringing what you’d expect.

Second bottom line, The used car market is cooling. I’m there everyday value ing people’s trade-ins. A newer vehicle will still bring a higher than it would’ve been value, but it’s going down fast. An older car on the other hand,….won’t bring dick.

What's currently on a dealer lot is a reflection of what they’ve paid, not what they’ll pay now. When they get rid of those, and when you can drive by a Buick/GMC lot and actually see new cars out there, ( As of today, you can’t), the used cars that are stupidly valued will be gone.

If only…….
If only I could’ve seen the future….I’d have gone to college, and learned how to build a semi-conductor. then found a way to build them in my garage and when demand required it, and after having to redo that 3-4 times, out grew that, and opened a bigger facility, and then out grew that,…finally opening up a freakin factory the size of an Amazon DC, hired a bunch of Mexicans on work Visas to compete with the 13year old malaysian kids building that sht in China…and become the domestic chip mega supplier that we so desperately need.
I even got a name for them…I’d call them a “ Mike-ro-chip”.

The guys with the trucks must be sick dealing with the used truck prices. We are selling 2010 Ford rangers for 20k... the full size GMC trucks are aover 30k older used.

Those beetles weren't the most reliable vehicles. Hope you find something nice with the money.

both Toyota and Ally are cutting production 40% due to chip shortage

less supply equals higher prices