Has the Used Car Market Collapsed?

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Today I am taking a deep dive into the status of the current used car market and answering the ever-concerning question, "has the used car market collapsed?"

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DOUGSCORE CHART:

CHAPTERS:
0:00 THIS...
0:34 CARS & BIDS!!!
0:47 Is the Used Car Market Crashing?
1:13 My Car Isn't Worth This Much!?
1:56 THIS IS NORMAL
2:37 The Market Was Only Different for 3 Years
3:31 The Sign of a Healthy Car Market
4:30 This Upsets Some People
4:59 The Bubble has Deflated
5:53 Do You Have Short Term Memory Loss?
7:21 Some Cars Are Staying Flat
8:14 Conflicting Feelings
9:19 Final Thoughts

#dougdemuro #carsandbids #carmarket

[fastfarari]

Fb marketplace sellers definitely don’t believe in this

[mircomuntener]

As someone who depends on depreciated shitboxes for daily transport, it cannot collapse far enough fast enough.

[Almighty_cornholio]

I get that prices aren’t ever gonna be as low as they used to be but the fact that a loaded cr-v and rav4 is pushing $40, 000 is absolutely nuts to me

[senatorchinchilla]

The fact that normal cars appreciated at ALL was ludicrious. Cars wear out. They are a depreciating asset, unless its a super special antique.

[dsrogersjr]

If anything, prices are still elevated over normal. New car prices have increased so much since 2019, that it's still supporting higher used car prices

[kenchen]

Sellers are always the last ones to learn about a market recession

[TALCOLMINTHEMIDDLE]

Reminds me of when I worked for a paper shredding company in 2009 and we got a pallet of "how to get rich flipping houses" books printed in 2006 with a graph on the front with a chart arrow going up and up and up

[PaulThompsonGB]

New car prices need to come down big time. These manufacturers are crazy thinking people think its ok to buy a truck for 100k being normal.

[xrtxrsm]

It’s called market correcting, not market collapsing. Simple.

[rkholcq]

Bunch of AARP people got offended that their C8 Corvette is not an investment.

[DeliriumzzZ]

Doug: "This is how the car market has been for Hundreds of years"
- Didn't know the second-hand car market was poppin' in 1824.

[anthonyvink]

People are confused about the difference between USED and COLLECTABLE. They think their 3 yr old BMW X3 should be worth 95% what a new one is, which is more than they paid.

[aaronmann]

Doug, we don't see enough of your Ford GT. You typically have the Countach and/or the Carrera GT in the background. Time to rotate the cars so the Ford GT gets in on some videos.

[Gazdatronik]

A couple I know were buying brand new high demand premium cars and selling them within a week. They made sure to buy them in South Carolina as apparently the taxes per vehicle bought were very low there. Then they would sell them to smaller private car dealerships specializing in slightly rarer offerings, as while it's not legal to sell more than X number of cars privately per year else you would need a dealer's license, it's totally ok to sell as many as you like to a dealer.
Our usually bland parking lot had some ridiculous high spec Euro vehicles rotating in and out for about three years.
I was like "Done right, this could be a movie!"

[patmanz]

I'm glad Doug made this video. I have friends now that are trying to sell their used trucks for more than new trucks and they're not getting any bites and they are losing their mind.

[mujjuman]

as a milennial, i hope a market correction happens for single family home pricing too

[sorenslothe]

The video is one thing, but that thumbnail is a work of art

[STNGRY]

Fantastic thumbnail, really makes you FEEL like you're watching Doug Demuro

[OrnelasB]

All those Hellcat owners are crying right now too. A lot of people that bought Hellcats are just letting them sit thinking they’re gonna get a huge payday. Nope! I forgot to mention they paid well over MSRP for their Hellcat as well so they’re really screwed lmao!

[crodlu]

This needs to be a PSA broadcasted on every TV for the next month.