People that wanted to buy new are instead settling for used. They have more money on hand, meaning in order to secure the deal, they’re offering more money closer to asking price. They were probably even over asking price in 2020-2022. It’s automotive gentrification where the top buyers are settling for lesser product, pushing each bracket of buyer down to a lower product rank, squeezing the bottom buyers out of the market. So tell me, with buyers willing to spend more, are YOU going to be the one that charitably sticks to the 2019 KBB value of a car you’re selling?
Anyway, take a look, used prices are down closer to where inflation was projected pre-2020. New car supply is up, so most used cars normalized. Project car prices have crashed now that most people are commuting and socializing again and don’t have time. Hybrids/EVs leveled out since gas prices are normalized.
If I had a car to sell, yeah I’d sell it at it’s actual value. Capitalism and greed won’t get any better if we constantly throw out hands up and go “well the market says!” We’re in the mess we’re in right now because value under capitalism can change on a whim.
So you’d sell it cheaper than everyone else and then… Still spend the market value for the replacement? I like to think of myself as an altruist, but I bow to you. I’m not gonna go carless or homeless for the sake of selling things below market to make a point. I don’t have the capital to cover that.
Yeah that’d be the problem with all of this. Your (not you) well being > all. The whole got mine fuck you thing. That’s why we have empty houses and homeless people.
Even used cars are stupid expensive which makes no sense beyond greed.
People that wanted to buy new are instead settling for used. They have more money on hand, meaning in order to secure the deal, they’re offering more money closer to asking price. They were probably even over asking price in 2020-2022. It’s automotive gentrification where the top buyers are settling for lesser product, pushing each bracket of buyer down to a lower product rank, squeezing the bottom buyers out of the market. So tell me, with buyers willing to spend more, are YOU going to be the one that charitably sticks to the 2019 KBB value of a car you’re selling?
Anyway, take a look, used prices are down closer to where inflation was projected pre-2020. New car supply is up, so most used cars normalized. Project car prices have crashed now that most people are commuting and socializing again and don’t have time. Hybrids/EVs leveled out since gas prices are normalized.
If I had a car to sell, yeah I’d sell it at it’s actual value. Capitalism and greed won’t get any better if we constantly throw out hands up and go “well the market says!” We’re in the mess we’re in right now because value under capitalism can change on a whim.
So you’d sell it cheaper than everyone else and then… Still spend the market value for the replacement? I like to think of myself as an altruist, but I bow to you. I’m not gonna go carless or homeless for the sake of selling things below market to make a point. I don’t have the capital to cover that.
Yeah that’d be the problem with all of this. Your (not you) well being > all. The whole got mine fuck you thing. That’s why we have empty houses and homeless people.