CarShop in South Brunswick suspended operations
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Carmax has gone back to its old, pre-covid days, when they were lowest 95% of the time. Their competitive streak didn’t last long.
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Didn’t know that’s how they operated. I know they paid fairly well for lower mileage Honda/Toyota products, which is pretty much what I drove pre-covid and my only experience with them.
I’m still seeing solid quotes with them on Toyota. They’re about the same as my dealer and wholesaler trade values I’ve been getting. They have been lowballing trucks though recently
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Anyone know if you can sell Acura to 3rd parties? Searched here and looks like people have. They’re telling my customer you can’t
HFS ? Only thru brand dealers
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We found a way to buy it out all good! I think Acura fs which is prob the same
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Yep, that’s about right and they still do. But higher end newer luxury cars get lowballed.
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I think they’re forecasting correctly and don’t want the risk. We lowball euros too just bc we’ve been burned so bad in the past. A month can cost thousands. And we have a lot less front end profit in our new cars they’re trading in for to cover. Actually no profit
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Sure they do and don’t, respectively lol
They know what they are doing.
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Looks like the company is still operating, though. Maybe just closing an underperforming location?
May I ask how? (Asking for a current Acura lessee with a lease ending in 6 months)
They have a wholesaler that can do it. I believe @Anthony_Lopez can do it here as well
I don’t know the specifics sorry. I try not to spend a lot of time on trade ins. It def is possible though
Maybe polestar since Volvo is cutting them off. They also just cut 15% of their employees as well
Used car market about to get even worse?
Awaiting all the refinancing or realizations from those that paid $50k over MSRP for their G wagons and Escalades that will only be worth 50% less in a year or so.
It’s getting better…unless you are a flipper.
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Most of those people section 179 it. Even with overpaying their tax deduction would prob cancel it all out. Not saying it’s smart to buy a vehicle that way but just how a lot of gwagons and Escalades are sold.
Negative equity for average consumers is going to be a huge issue going forward. They will be stuck with the same car until the loan is paid off, resulting in less new cars sold
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People are driving cars longer than ever and we still have a constrained flow of inventory as less cars come off lease. There’s still a lack of affordable used cars a few years old for the market.
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I see this trend continuing, with the direction trade-in values are going. The gap between new vehicle msrp and trade-in values grows every day.
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Very scummy
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