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

AMG pillows, front and 2nd row.

1 Like

I have a porsche dealer telling me from next month rates are going up nationwide. Is this just BS?

Probably just BS. Dealers on LH are always telling us that they won’t know anything until the new programs come out in the first week of the month. The salespersons is probably just a FaceBook economist speculating on how the fed rates affect car loan rates.

2 Likes

Imagine being able to predict the future and this is how you use it.

4 Likes

Reps will sometimes leak programs at the end of month or hint about increases but if that’s not the case his guess is as good as anyones. Likely just trying to pressure you into a deal to hit numbers for end of month goals. The trend is up though. Most economists expect at least one more hike this year. But they’re about as accurate as weatherman.

1 Like

he showed me an email from the regional sales manager but yeah prolly bs

Is it a good time to snatch available hacker deal or better off waiting? What do y’all think?

Do you even have an idea of what brand / model you want?

1 Like

The folks who rely on Youtube Analysts for when to purchase something must have infinite blue balls.

Every day they post about the following about cars:

The market is about to crash
The dealers cannot move cars
I have never seen so much inventory
Auction prices are falling

Is their some truth to this…OF COURSE. But dang these folks are making the same videos over and over and over again. And Folks actually watch the same thing over and over and over again.
Find a car you like, research the heck out of it, send an offer and move on with life. These videos seem to cater to folks who have ample time and no intention of buying a car, but love dropping their Youtube University knowledge at social gatherings.

4 Likes

Is that a crystal ball in the video?

2 Likes

I think we’re seeing many brands dropping discounts finally. Rates are just keeping lease deals high and people holding onto their old cars longer. I think subvented rates are def coming to all brands soon, some are already here, as inventory is starting to rise.

1 Like

Increasing discount doesn’t necessarily make a lease better if the RV also falls and/or MF rises.

Besides, no Nostradamus on YouTube is actually selling or delivering a car to you.

If you see a great deal in the Marketplace take it.

3 Likes

By chance, is this dealer trying to get you to buy a car today?

3 Likes

Andrei Jikh and Lucky Lopez already told you not to buy, why are you even asking

5 Likes

name checks out, wait five years.

On my way the see the JM Fam next week… you want me to let them know?

They handle setf they’re garbage. There’s so many reasons to never use a southern Toyota dealer…

I’ve gone through SETF twice in the past no issues

I feel bad for the dealerships that have to go through them though… it’s a monopoly

Their residuals and mf are different and they don’t allow lease buyouts by 3rd parties last I checked. I don’t use many dealers in the south for leases so that may have changed. It’s just odd that a company would have 2 different bank subsidiaries doing the same thing

Most southern dealers add tons of after port options and charge for Toyotacare. That alone covers shipping from the north for most my customers so no brainer

2 Likes

This listing has been at the dealership for 540 days, so it definitely needs a significant price reduction.