Carvana just pulled the rug from underneath their bid for my X4. Last week they offered 49K and just lowered it to 46K. It had stabilized for a couple of weeks and even went up from 47.7 to 49K, but the 46K is a new 3 month low.
The fact that everyone and their mother is now buying used cars is a sign that we are near or at peak insanity. Even my shoeshine boy is talking about flipping cars.
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Buy the rumor, sell the news.
Now we wait.
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I’m the shoeshine boy 
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I had been following this discussion and had a moment this morning when I saw from mycarfax the value of my relative’s 2000 Acura TL in Fair condition was now $4,080 private party and excellent crept up to a staggering $5,810. This used car market is nuts. I use mycarfax to keep tabs on my older relatives cars as they tend to forget registration or maintenance etc if I don’t remind them.
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That’s a collectible though, completely different ball game 
Get something on paper like a firm offer from Carvana, Vroom, Carmax and provide a reference point to help establish some trend. Otherwise just one number from carfax is meaningless.
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Wow, this one baffles me, nice that you keep an eye on it for them.
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Haha, I made a similar shoeshine boy comment not too long ago. At the same time though, I find a surprising amount of people with brains, spare cash, and a history of hustle that still seem very disinterested when I explain it to them. The possibility of selling a used car for more than a new car seems to fry a lot of brains.
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Honestly, I think for starters we’re all car nuts here. If any of these people are point A to point B people, they would never understand.
Just being able to experience a wide range of different vehicles and to flip them for a profit fits just right for most of us here.
My wife still doesn’t understand.
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I think even to break even or incur a minor loss compared being decimated for selling in the first year or two previously is a huge benefit of the current market.
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I’d say I’m more of a deal nut.
Being able to recoup my lease payments never crossed my mind till twelve months ago.
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I flipped my M4 right after my 18th. I think I’m the shoeshine boy . I have a trx shipping next week, and a few other leads panning outl
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Trx and 18 BALLER
How do they determine average MSRP or asking? Are they even the same cars?
From what I’ve read, manufacturers are producing more high end/loaded models (more profit!)…but if this article just looks at what an “average” model should sell for, then it’s a meaningless comparison.
For example, it says the average MSRP for a Macan is $57K…the cheapest model on the Porsche website is $55K. Having shopped for Porsches in the past (for friends), most have dozens of options…it was mindboggling the first time I saw a window sticker.
So the article is saying the average only has 2K in options?
I don’t think so.
They are 70+, if I see them I check their tire pressure too. Don’t know how much longer all will be driving. An 80 year old driving is pretty concerning.
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You sir are a good man.
On Porsches options are tricky i agree, the guy with a yellow exterior and red leather interior definitely brings down the averages.