[maul3d]

Massive CPI numbers annouced today.. with impending interest rate hikes next month....25% -.50%? should be interesting what happens with borrowing.

I remember prior covid, how much trouble I had selling my sports cars. Afterwards, seemed everything flew off the shelf faster then you could call the sellers, and for 10-40+k premiums. Why? I believe people accessing HELOCs to buy toys due to the massive inflation in equities from the money printing... because I couldn't give shit away before..

I even put a dummy ad on autotrader on my old GTR.. and had 15 people email me offering CASH, same day.. PRIOR covid.. I had 2 emails offering 10k less.. Just to give you an idea!


Another variable of course is shortages of new car sales, or awaiting delivery due to chip shortages.

I just want to get that GT3 again for early 2020 prices.. lol

No sports cars for me for now... cant justify it.. big bubble

[RickFLM4]

Interest rates are not a huge influence on car prices right now IMO. It is mostly a tight supply issue. Until production levels increase, higher prices and interest rates will only have so much impact. For prices to normalize, new car supply needs to increase which will lessen demand for used cars.

[Alfisti]

No I partially agree, there's a LOT of HELOC money pushing prices up on everything. Our bank gave access to nearly $1M at 2.25%..... i mean really how's that not inflationary?

[VChenz]

Expect chip shortages to be less impactful in Q4 of this year. Used car pricing will then normalize 4-6 months after that.

With that said, the lux manufacturers have noticed larger margins on a restricted supply. You may see deletions of entry spec and models in the near future as manufacturers pivot resources to maintain a higher margin per product produced.

[ppointer]

I'm waiting about 5 months for a new 540i. Nothing in stock is close enough to what I want. Still, I don't have a confirmation yet on delivery.

[F80_Kbo]

Doubtful. I think we still have another 12-16 months before we start to steady state.

I will say though qualifying for a 2.05% rate on a 72 month used car loan did factor into my purchase recently

[ryan stewart]

Yeah I wouldnt expect any big change just because of the rates. Its impacting EVERYTHING and not just people buying cars on HELOCs or whatever. Im just wanting a cheap dual sport but used prices are so close to new I thought, "Well, Ill just buy new then." Im on a waiting list for the one I want...

Scarcity is still one the biggest drivers of price.

[Pittz1]

72 month car loan.... Yikes!

[VChenz]

Originally Posted by Pittz1

72 month car loan.... Yikes!

You haven't seen the 84 month loans?

[Pittz1]

Originally Posted by VChenz

You haven't seen the 84 month loans?

I can not imagine. Just giving away money.

[F80_Kbo]

Why are you worried about a 72 month loan? Inflation data released showed 7.5% year over year. It is literally free money.

You must have never looked into the 10 plus year loans they do for exotics…

[BMWCCA1]

Originally Posted by ppointer

I'm waiting about 5 months for a new 540i. Nothing in stock is close enough to what I want. Still, I don't have a confirmation yet on delivery.

Why is that? I ordered a new 540i for a good customer maybe three-weeks ago and it has already completed production. In five months? You may as well get a 2023.

[wparton]

I think we have a long ways to go, or I hope so! Replaced an is350 with an e92 to get rid of that

[Nuckle]

Originally Posted by RickFLM4

Interest rates are not a huge influence on car prices right now IMO. It is mostly a tight supply issue. Until production levels increase, higher prices and interest rates will only have so much impact. For prices to normalize, new car supply needs to increase which will lessen demand for used cars.

I agree with Rick and full market correction will happen in 2026.

[jsf721]

I sure hope it does not take that long. I’m buying out my 2019 lease to avoid the bubble pricing. I am not sure I can make it to 2026. Or that my car can make it. I have 36k on the clock and that is covid lite mileage for me.

Originally Posted by Nuckle

I agree with Rick and full market correction will happen in 2026.

[chassis]

Supply issue. Car factories are still curtailing output as we speak due to parts availability.

[CTGT2005]

Crazy times. I traded in my old Honda Civic that was 5 years old and 55k miles on it. I actually made $3000 more than I bought it for new. The dealership I traded it to marked it up another $3000. Unreal.

[Alfisti]

Originally Posted by jsf721

I sure hope it does not take that long. I’m buying out my 2019 lease to avoid the bubble pricing. I am not sure I can make it to 2026. Or that my car can make it. I have 36k on the clock and that is covid lite mileage for me.

Eh? there's no reason a properly maintained car cannot get to 200Km, so 150K Miles or so. In almost all case sit is cheaper to maintain and repair used than it is to keep buying/leasing new.

[ryan stewart]

Originally Posted by Alfisti

Eh? there's no reason a properly maintained car cannot get to 200Km, so 150K Miles or so. In almost all case sit is cheaper to maintain and repair used than it is to keep buying/leasing new.

Shhhhhhhh!

We need people like that around else we cant get those barely used CPOs on the cheap.

30 is used up man! Time for another car! You know what would be good? A Volvo V60 Wagon in Denim Blue with the Blond Nappa Leather interior and the Climate/Advanced packages with the massaging seats and at least the HK sound system. Probably shoudl get the factory trailer hitch too.

That car should EASILY get you another 30k miles and then, yeah, you should def trade it in within 100 miles of the Atlanta area by 2026.

[Alfisti]

bwahahahahahahhahahaa

[ppointer]

Originally Posted by BMWCCA1

Why is that? I ordered a new 540i for a good customer maybe three-weeks ago and it has already completed production. In five months? You may as well get a 2023.

Good question. Going to follow up with the dealer today.

[3.0L]

Does this mean my garaged, super-clean, no damage history (not even a scratch) 2014 M235i with only 18,000 miles on the clock has gone up in value?

Sorry, not for sale.