Quote:
Originally Posted by photon
Went searching for info on car prices and while used car prices do seem to be coming down a bit, they still seem pretty high. Found this graph on cargurus.ca:
Is this just the new normal? Or will we eventually see used car prices come down to something like what they used to be? |
I was beating the drum that prices would come down eventually a year ago - clearly I was wrong.
Almost across the board, production is still brutal. Lots of reasons but by and large the industry is still pretty ####ed up and nowhere near the recovery from OEMs we would have hoped for.
No word of a lie, we’re seeing ACVs on our units around 80% of purchase, 7-8 years later. Historically you’d expect 80%rv within the first year. It’s craziness man.