Was This Finally “Peak Insanity” in Used Vehicle Prices? And all other crystal ball questions

FWIW - they’re offering $37 for my 2019 - I don’t think they’re into it for more than $45 if it has FSD

That’s the thing…it doesn’t have FSD. And even if it did have FSD, it’s still waaaayyyyyyyy too high a price. Without FSD, the price is insane.

I was fully expecting it to begin normalizing around October for regular production vehicles (i.e. money making SUVs and Trucks, not sports cars) especially after auctions cooled down a little early last month. Now everyone hit the panic button again and they are to just stupid levels again.

Anyone know what a just-purchased $33.8k MSRP Chevy Blazer 1LT FWD could fetch on the used market? Like literally never even been driven off the dealer’s lot.

You can probably get a quote from Carvana in about 90 seconds

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I’ve been pricing out which Chevy to try to get MSRP swapped into for my Bolt. I am mostly just stumping the Carvana bot and not getting a price.

My unscientific data points with three of my vehicles shows a bump in KBB and Carvana offers of 3-5% over the last week+. They are all back to nosebleed levels not seen since earlier in the summer…

Might be the Ida effect?

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Carvana priced it at 28.5k

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In May before the great chip shortage of 2021, I reached out to a dealer I’m very friendly with about an S5 convertible build at a 6% discount and buy-rate. Since I’m not super happy with Audi’s color palette, I opted to an Audi exclusive color which requires a 5k deposit. Due to the ship shortage/factory retooling the allocation was pushed from May to October and thankfully they haven’t swiped my card yet. I totally understand that things are hitting the fan, but unfortunately the lease I currently have is expiring in early November on a 2018 S4. Judging by my best estimates in the BEST case I will have the vehicle in February if not March. From the time I first ran the numbers to now the lease cost has shot up from $850/month to effectively $1050 just due to RV/MF/Incentives. Herein lies the question: do I stick out the order process with a 5k deposit in hopes that lease terms become more favorable or do I opt for an M4/m440 or an E-class? Personally I think t he front end of the 440 leaves a lot to be desired, but if the payment is $300/month less than the Audi, I can over look that as long as it has a performance exhaust. On the other hand, the E450 will be in the same ballpark as the Audi but is an overall more comfortable ride. As of right now I don’t NEED a car- my girlfriend’s SQ5 is coming in next month and she’s nice enough to let me drive it. I can wait a bit, but I don’t want to be a burden on her.

Algo just quoted me $29.6k. I’d definitely take that. That’s only $4k off MSRP and new Blazers have a $2,500 rebate on the hood currently.

Don’t forget to check CarBuyerUSA.

Said they couldn’t provide a quote for my VIN. dafuq? Lol

Got an emailed offer from a local Autonation dealer of $30.6k for my MSRP $33.8k '21 Chevy Blazer 1LT with 31 miles on it (and the Blazer has $2,500 cash on hood currently). Unless this is a huge bait and switch offer, as soon as the title comes in, I’m speeding off to this dealer.

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Nice. Nervous about MSRP swapping into a Blazer since I wouldn’t want to keep it if I couldn’t sell or trade it at a profit.

C8 maybe? Not sure what the buyback terms look like and it likely won’t happen, but shoot your shot I would say.

I’m too chicken to ask my GM rep :hatched_chick:. Also I’ll be fighting dealer allocations because this comes from a separate allocation according to my rep. Highly unlikely the C8 on a Bolt buyback would be prioritized over the backlog of orders. I was thinking of going for a Camaro with similar MSRP as my $39k Bolt. I can build a LT1 for that.

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A few months ago Carmax offered $18.3k on my 2018 Chevy Volt LT/Comfort pkg with 20k miles. Car has one fender bender accident and I do disclose that since it is on the carfax.

Today they offered $19k. lol crazy. A lot of Bolt owners are looking for reliable EV’s and some are switching to Gen 2 Volts.

If this latest EV tax credit bill gets signed into law, I fully expect the value to go up to at least $20k. The car would then be eligible for a $2500 used EV tax credit (for the next buyer).

My personal experience says no…this wasn’t the peak. I think the hurricane hitting the northeast and flooding thousands of cars also had something to do with it.

I bought a 2021 GMC Acadia in May for $32,000 after discounts and rebates. This summer I always checked and usually got trade-in offers around $34-36k. Last week Carvana quoted me $38,850. Autonation quoted me $39,900 online and when I traded in the vehicle I got them up to $40,300. This was on a 4 month old vehicle with 15,000 miles on it and a sticker price of $44,000…that usually has $4-5k in rebates from GM when you buy it new.

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They quoted me $39,900 for my GMC Acadia with a sticker price of $44,000 and it has 15,000 miles on it. I went in and bought a Cadillac using GM supplier discount and got them to increase their offer to $40,300. Not a bait and switch in my experience.

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Production of new Acadia’s by GM has almost stopped. With no new Acadia inventory, this drives up the wholesale auction prices which drives up the trade-in values. Not many other 3 row SUVs in this price range for competition either.

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