I wouldn’t have bought I Hyundai back then. They have improved exponentially.
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Just saw 2(!) today within minutes. At Costco 
Carvana offered me 55k for my Kia Telluride that I bought for 46k half a year ago.
Total insanity.
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Not exactly used car pricing related, but some automakers (like Stellantis) are jacking up destination fees.
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It’s been happening for a while.
“We expect prices to remain high until the inventory pipeline is refilled, which may take another year to return to more normal levels”
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I think this to Malaysian plants are back to 100%: Morgan Stanley says the semiconductor chip shortage for the auto industry is nearly over.
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That doesn’t mean dealers will be going back to giving cars away in a hurry. Especially if they have to eat the corresponding decrease in value for used cars.
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Agree. Recovery always takes more time. It may be a year before we can start seeing some decent deals again.
Does it mean I should sell my second car now? Assuming I don’t really need a second, and kept it so far just in case.
I really hope we see a $2000 a month Rav4 pop up on SAL in a year.
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Downtown Toyota of Oakland certainly has balls of steel.
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Wow I sold one at 8k over msrp and thought the buyer was crazy for spending $65k all in on a rav4!
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Look how much money you left on the table!
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Serious question…what is the purpose of an adm that high? I interpret it as ‘f off’, it’s so ridiculous that I can’t see anyone taking this dealer seriously. I get that adm’s are sorta normal now, and I know some WILL pay rather than negotiate, but 40K is just a wierd signal.
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Honestly, no idea. There only answer I have for you comes in a form of an extremely old joke:
Once, a guy known to sleep with a lot of women was asked:
– Tell us, how come you slept with so many women? What’s your secret, how do you manage to persuade them?
– Simple, my friend. When I see a nice looking lady on the street, I approach her and ask politely: “Miss, do you mind if I f… your brains out?”
– Oh my, but they could be offended and slap you in the face!
– Sure, but there are so many nice looking ladies on the street. Sometimes I get slapped in the face, but sometimes I f… her brains out.
Same principle here, if you ask me.
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