Used Car Market Update

Used Car Market Update. t
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[Seanpfree]

Car prices are up 40% from 2022 to today. This "crash" doesn't make them more affordable when they drop by 7%, they're still 33% overpriced.

[Horatiobuild]

When you only buy much older cars like me; a 10 year old car is state of the art to me and seems new, and I save save save save and never have debt!

[omarmonteverde]

If they are asking 18k for 100k miles. They are def still out of their damn minds

[MickeyCh]

Not used but new; going out of local market is what I had to do in order to get the truck that I wanted. I told local Tucson dealers and nearby Phoenix dealers what I wanted, went through the normal back and forth with them all, and asked them to at least find me what I wanted. Nothing came up, so I searched myself around the Southern Arizona area. Found a dealer in a small town about a hundred and thirty miles away. They not only had the truck and color that I wanted, no dealer add ons and dealer Doc fees of only $195. Also got $1000 of for financing with GM Financial, which I paid off right as soon as GM contacted me. So that paid off for me, and guess where I will go back for my next truck. 🙋‍♂

[Fedgery]

If you need 84 months to buy a Honda accord, you probably can’t afford it.

[marialilahl]

I am a SoCal independent for 5 years now. Come from Corporate America middle management. You are totally correct with 99% dealers will stick with that car they have had for 6 months. MOVE IT - GONE. MOVE ON. Alot of stupid people in the business with ego's.

[jedclampett]

“All the dealers here smoke crack…” 😂 Keep it colorful, Lucky! Excellent video. 👍

[xiondFirst]

Good thing I listened to you and waited a year. I wanted to buy new last year but now everything is marked below msrp.

[EchoSigma]

Most used good condition Japanese cars today are like gold. Toyota, Honda, Mazda, and Subaru.

[reaneejackson]

I have been in the market for over a year. I keep walking in and out of dealerships because they want to sell 2 to 5 thousand over MSRP.
Thanks for educating us on shopping and buying vehicles.

[robsdeviceunknown]

Lucky, we don't care where or what backdrop you have. We just appreciate YOU giving us the knowledge we need. The location does not matter.

[M.brauer]

I was homeless, got into drug's went to prison and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $36, 000 in 2months . I can support God's work and give back to my community. God is absolutely more than enough! Now I have a new identity and a child of God.

[justanothererd]

It's strange to see this weird dichotomy where the top of the market is caving in, but the floor of the market is actually rising. For some perspective, I've been helping my sister shop for a car around the 10-13k range, but any cars listed in that range are very poor condition, terribly maintained, high mileage junkers. Crazy that the minimum you gotta spend to get a half decent car today is 20 grand, that's just way too much money for average people to spend

[DarkClosetOfTheMind]

Agreed, I typically have to get my cars 300-500 miles away. I make it a mini-vacation event to get a car. Good video!

[madmattify]

I talked to a salesperson about a car they had for 362 days. He wouldn't budge on the price. I'll talk to that person in December, I believe the car will still be there!

[Mark-qwlc]

Local used car lot near me previously carried a good selection (35-45) of SUV's, sedans, trucks, jeeps and also had a very limited selection of U-Haul rentals available on the side. Now the lot only has a small (5-10) selection of inexpensive sedans but has vastly increased the selection U-Haul trucks, vans and trailers on the lot.

[TrashPanda]

Considering the monthly payment on most cars is still almost 40 percent of 79 percent of people's income across the US it still has a long way to go.

[alexmitchell]

My wife and I are holed up in 2 old tahoes trying to continue to be patient. Hoping the prices continue to fall while we save cash. Problem is she’s dead set on a 4Runner and those are the last cars on earth to come down in value.

[fp]

I live in Toronto ontario canada 🇨🇦 I'm noticing Honda and other dealers discounting their 2024 cars by $3-4, 000 plus an interest rate of 2.99%

[benjaminhollar]

I just tried to negotiate on 2016 ram Laramie that has been sitting for 7 months. Dealer had it listed $2500 over kbb and CarGurus value and wouldn’t budge an inch on price.