Due to increased demand and declining new car production, used car prices hit a record high last month. According to the person you are asking, compared with the same period in 2020, the typical transaction fee for used cars in November has risen by nearly 50%. Although the pandemic significantly dampened demand during this period, this is still an astonishing increase in any 12-month period.

Sharing Cox Automotive's Mannheim Used Car Value Index, Automotive News identified the annual difference as a 44% increase. This also means that the November pricing index rose by 3.9% compared to October, which is worth noting in itself. But what does it mean in dollars? 

Data from iSeeCars shows that the price of used cars in November 2021 is 27.9% higher than in November 2020. It is estimated that this is a premium of $6,939 over a typical auto transaction.

Karl Brauer, executive analyst at iSeeCars, explained: “Used car prices have fallen slightly since their peak in June, but are now rebounding. The average used car price is nearly $7,000 higher than in November last year.” Factory shutdowns related to chip shortages continued throughout the year, and automakers failed to keep up with pent-up demand and continued supply constraints that are expected to last until 2022."

Considering that iSeeCars' assessment of the price increase is moderate compared to the summary provided by Cox Automotive, some consumers may be forced to take out the dough that could provide them with a second car before. On the bright side, Cox’s chief economist Jonathan Smok believes that we have finally reached the peak of car pricing.

"In the weekly data, we have seen a slowdown in the past few weeks, which is exactly what we expected," Smok said. "So we think November is the peak of the year. By the end of the year, prices may remain the same-or the index will remain the same."

At this time, we will not assume anything. Everyone thinks that the summer of 2021 is the worst, and now we are considering higher prices to enter the winter.

New car inventory problems continue to plague dealers, forcing them to spend more money on second-hand car supplies for their lots. Black Book Chief Data Science Officer Alex Yurchenko (Alex Yurchenko) said that this will push the wholesale prices of all market segments to new highs in November.

Yurchenko said in a press release: "Compared with other segments of the market, the use of cars and trucks of various sizes has increased the most, and the new inventory in these segments has dropped to a much lower level. ."

Yurchenko said that Black Book expects second-hand car prices to rise again in December, but at a much lower rate, as new car inventories begin to stabilize, and consumer demand is weakened by record-breaking retail used car prices.

Since pricing can only be described as absolutely absurd, used car sales have been declining since July. Total US used car sales fell by 10% (October year-on-year), and the seasonally adjusted annual sales rate (SAAR) reached 35.8 million. This is down from 39.9 million in October 2021, but relatively flat compared with 35.8 million SAAR in September. Although it is too early to determine the data for November, Wards Auto estimates that sales will be lower than last month.

In a long enough time, this should persuade retailers to reduce prices. But they have not done so, and the inventory is said to be so tight that they may not have any reason to do so until 2022. Fortunately, today's inventory has not yet been universally recognized. Although there is a lot of discussion about the supply chain paralysis that prevents automakers from producing, Cox's retail supply of used cars is 49 days, compared to the normal supply of 44 days. At the same time, wholesale inventory is estimated to be 29 days, while normal supply is 23 days. Although the composition of the normal supply is relative-because Cox uses a lower modern average, rather than the typical level a few years ago.

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My brother was at the Ram dealer yesterday. He likes full-load flight attendant work. Sticker has an additional dealer price increase-5000 US dollars.

The timing of buying a car is wrong. Pickup trucks usually cost $10,000. On the hood. Wait a year or two and save $15,000.

"He likes the crew full of flying."

If he lives in an area with cold weather, he should stay away from any "air riding" Ram. They have the habit of freezing, resulting in zero suspension travel. I know a few people who have encountered problems. Ram does not warrant. They would say, "We put it in the store and found no problems." He was told to park it in a heated garage.

In 12-24 months, the price increase for new cars is likely to disappear.

But the suggested retail price of new cars is more likely to rise, especially trucks and popular CUVs.

Between 1978 and 1980, the window stickers on cars increased by 30-40%.

So, if you need a car and find a decent car, you can also get it, especially if you can now finance yourself from your credit union or low-interest lenders (because of the unnatural Low interest rates will be a thing of the past).

If you have an extra car worth more than $10,000, now may be a good time to sell because people usually have to borrow this kind of money and interest rates are still low now.

I have to agree with Tom. The price will eventually fall, but it will not fall to near the previous level.

I bet that another economic feature is the cheap muscle cars from 5-10 years ago, and this is also the case in this era. We will have a $9,000 Charger Hellcats instead of a $900 1970 GTO.

I would be very surprised if I could buy an undamaged 2021 GT500 for $9,000 within 7 years.

Waiting for my friend. Good things will be left to those who wait.

Same as above. I think this is extremely unlikely.

Unless you log out completely, you will never find a Hellcat worth $9,000. You can hardly find (or even) the 200,000-mile 2006 charger SRT8. The 70 GTO is new for $3,100 and is used as a car. Most cats are babies.

Part of the reason is that I will soon have to resign from the post of 3800 church pope, and will most likely return to the post of honorary pope.

How much of the increase in used car prices is pure pricing (that is, vehicle A in trim B with C miles sold at price D'in December 2021, but sold at price D in December 2020), and how much is: – Reduce mileage as much as possible-Become a new car buyer to buy a used car [Some people drive less and accumulate less mileage before selling]-Better vehicles and better decoration, because some wealthy people who would buy new cars buy Used cars – some of the cheaper models (and trims) were eliminated by OEMs in the past few years [so no longer appearing in this batch of used cars]

(In other words, how much does the model/decoration/option combination and mileage compare to pure pricing.)

I do not have access to automotive news articles. Mannheim is trying to adjust this? : Https://publish.manheim.com/content/dam/consulting/Used-Vehicle-Summary-Methodology.pdf

But I'm still curious-otherwise, the growth of some reports seems crazy.

Have you seen such a huge increase in comparable inventory? Feel free to tell me I'm lost. :-)

Almost all of my old contacts are retired or have really passed away, but I chatted with an indy about it in late March. He told me that everyone was hurt because there was no inventory and the store deliberately spent too much money on things just to sell things. When I asked, the same gentleman didn’t want Katrina II (my Pontiac) 5.5. I temporarily sold it for 5.5 to a beautiful kid who reminded me of my age at that age (should beat him more Much, but I don't want to be greedy).

Having said that, I think this is a combination of inflation, and inflation itself is to a certain extent a vote of no confidence in the Fed/U.S. government. "Voting with feet" produced a domino effect. People did not trade because the pricing did not match reality, and the output from mid-2020 to now has fallen by about 2 million units (about 15 million to 17 million in 2019). ).

Having said that, I will try to give a concise answer to your question:

"The number of miles used is lower due to the purchase by potential new car buyers [people also drive less and accumulate fewer miles before selling]"

I don't think this will have an impact. For several years now, buying a new car is a stupid thing-I myself came to this conclusion when I bought a new car for the first and only time in 2018. *Yes* What is influential is that the lessee is buying their car instead of leasing a new car. As a result, a large number of leases are now not remarketed because it is financially unwise to buy new and used equipment, as it has been for decades.

"Better vehicles and better decoration, because some people will buy new cars instead of second-hand cars"

If this happens, it is a very small factor for the reasons mentioned above.

"In the past few years OEMs have eliminated some cheaper models (and interiors) [so no longer appearing in this batch of used cars]"

It is possible, but from a wholesale perspective, the loaded model is only about 10% higher than the base. Therefore, if there is not enough base Silverados in the crazy truck world but a lot of LTZ (because of how they are ordered), yes, the additional option cost may be more than the actual vehicle inflation.

"In other words, how much does the model/decoration/option combination and mileage compare to pure pricing"

Conditions, conditions, conditions-almost everyone got into my mind over and over again. In my old auction list, I highlighted the 2 MY04 Chrysler 300M sold in the auction on Wednesday, 2006. I guess one of them ran early and was different from the other because one had 20K and the other 60 Cars, but their price difference is less than $100 (things like 12,8 and 12,7). Now, anything with a lower mileage will make more profit (plus the balance of the factory warranty), but suppose there are two different stores, and they both invested similar funds (the probability was 14, 9 or 15, 9, maybe more). But I dare to guess that both are very clean and/or "front-line ready", so they are both sold at a higher price compared to similar examples in poorer conditions. So the general lesson is that with regard to conditions, mileage does not have much impact on new uses in history. Now as we get older, yes, people will compare with similar averages at cleaner low mileage prices due to supply and demand, but when the car is new, the supply is sufficient.

I can't give you a percentage breakdown, but I will say that these are the main factors that are new to use: condition, warranty balance, pre-certification or pre-check, financial convenience, and then mileage, model number, and decoration. The warranty is not important on D3 stuff, but Zee Germans, oh yes, if it is still available, you want a factory warranty. Financing is another largely unknown factor. No matter what the bank likes to raise, it is more popular than the 92 Cadillac Coupe de Ville pursued by me and the other six retail buyers in my area. I saw an SUV at that time, and this was probably the 10th word on everyone's lips. For discerning gentlemen who hate SUVs, that is a good time to live, because by contrast, most other market segments are free. But banks are happy to write a note for Explorer, Blazer, Pathfinder, etc., and financial convenience is an overlooked importance when operating a store. If you only have niche things (so, if I run a lot), in addition to sitting on inventory, even if I have a customer, I might get some benefits from the bank. But what if I sell 4Runner to FICO 590? Oh, this is your 14% loan (this is before 2008).

I only saw one page on the Mannheim link.

My wife works at the wholesale auction. In the past 18 months, for the exact same model, interior, mileage and condition, the price of an old car in 3-4 years has risen by 3-8k. A 4-year-old Ford Explorer limited edition 50k miles, used to sell at 20-22k, now it is more like 26-28k. This is crazy and it is easy to understand why the number of cars you bid through the same number of dealers is much lower than normal.

I am waiting to see what the price will be when the required chips arrive and are installed in all the unfinished new cars stored in every corner and crevice. Will these be released to dealers for sale at once, or will the market be flooded with new 2020/2021 models at the same time? The pricing of all vehicles, whether new or used, is worth a look... (The Toyota ad you popped up is really confused with my laptop)

I have a lease in August next year, and I might buy it out because I'm pretty sure it will give me a residual value of 5 to 6 thousand dollars.

So, if I want a new ride, I can sell it at a high price and use the remaining money to pay for the expected mark-up for the new ride, which is all well.

I did buy a used car for my son in July, which may have been $2,000 more than a year ago. Used cars are now in a miserable state, I think it is difficult to find decent things under 10K. I am usually shocked by the poor condition of vehicles that we see priced below 10,000.

Distributors like these high transaction prices, so I bet they want this low inventory situation to continue. The price of used cars may rise, but they are still low-priced trade-in. I want to buy a Santa Cruz and use one of the "click here to get cash discount" just to giggle, which is about half of the value of my current truck in the transaction that KBB said, (of course) close to 40 % Lower than the retail price of my truck on the open market.

Of course, my car is 120k in 2002, so compared to 2 to 4 years old cars, this is not ideal. These cars can be traded at the cost of the original purchase-basically zero depreciation.

"Distributors like these high transaction prices, so I bet they want this low inventory situation to continue."

Maybe it's a new distributor, but the shorter the time, the less people believe it.

Mr. @28-Cars-Later, how do you think this will affect the "e" instead of the "a" for large dealers with more than 10 stores? Will Larry and Cokey continue to work hard?

A few years ago, I believe that Mark Baruth (Mark Baruth) had an article about what was happening with new car dealers. I don't remember whether he made the request or we made the request during the discussion, but the consensus is that the smaller new distributors will be sold to large companies with multiple brand products.

Short-lived indys may also disappear due to mergers, retirements or simple bankruptcies, although some will survive (mainly by absorbing market share or focusing on niche markets). The overall market inventory will start to decline, because I don't believe that the output in 2021-24 will be equal to around 2014-2020, so small companies will be squeezed in inventory because large companies will not sell their decent deals at all. Indy makes money from retail, trade and some financing. Large companies make money from services, new sales, second-hand sales, wholesale and financing. As a result, large companies can withstand storms that Joe Bob Cars cannot handle.

This is very similar to what happened in the real estate industry, where business mergers can obtain unlimited ZIRP funds, which can squeeze out small timers. Soon, it will become something of science fiction. Large groups are closely connected with the government and can give orders to individuals who no longer have too much or any influence.

By the way, who are Larry and Cokey?

Carvana gave me a low mileage 2014 Challenger R/T of $29,000. Unless it is a cash buyer, it is difficult for me to sell more for this. I ordered a 2022 Challenger Scat Pack and got a small discount of $2,000 from MSRP. We will see if I really get it and have no chips after China invades Taiwan. :(

Carvana also gave me $19,000 for the 24,000-mile 2018 Sportwagen, and I paid $18,000 for this. At any time you can sell Volkswagen at a price higher than the newly paid price, please accept it.

My 2004 Tundra sold for US$25,000 on BAT. Toyota fans are crazy.

When this all collapses, and it collapses, many people will stand behind the musical chairs.

"Carvana also gave me $19,000 for the 24,000-mile 2018 Sportwagen, which I spent $18,000 on."

This is how you *know* that everything is broken.

I want to buy a new truck-and narrow the range to Tundra or F-150. I'm not in a hurry-so whenever the market stabilizes and returns to normal, I can accept it. However, I have zero interest in buying a truck with a build date of one year or more — sitting in mud or dust — yes, there are many photos to confirm my concerns. So-actually, I might have to wait a while to see some build dates for next year-which is fine.

My in-laws have been waiting for the 2500 silver coins they ordered 4 months ago. The selection of trucks that appeared in many places is still slow.

Mr. @bullnuke, I want to say that all manufacturers are eager to install the required chips and sell these vehicles to dealers. We may also hear advertisements that "stack them deep and sell them cheaply". Stellantis may find an old FCA sales and marketing staff and ask about the sales bank.

I recently rolled the dice. I sold my 17 Civic EX-T manual to carvana at a price of $40 higher than the original suggested retail price, with 39,000 miles on it. Pay more for fuel and drive my F250. Bet/Hope if Xiden doesn’t do anything too stupid, I can replace the Civic in a year or two. If Build Back Broke passes, all bets will be cancelled. Due to sales tax and inflation, the Civic ended up spending about £4 in 4 years. Not great but worth a try because I had another ride.

"Sold my 17 Civic EX-T manual to carvana at a price of $40 higher than the original suggested retail price, with 39,000 miles on it."

"Hope Sidon doesn't do too stupid things"

I really won't place this bet. I *would* bet that the car prank will last until 2024.

Mr. @28-Cars-Later, I cannot reply directly.

Foursquare Larry, your steadfast salesman, has a huge + post-it note printed on it, which has been divided into four neat squares.

Cokey is actually just the nickname of the sales manager. It easily resolved his deviations: dealer surcharges, financial institution rebates, financial office mischief, and oh yes, his demand for cash for Peru's march gunpowder continued to increase. Don't mind those 19-year-old receptionists who completed their studies at the Beauty Academy and then resigned without filing another one-time harassment lawsuit.

Or just another day in a large dealership.

thanks. I would like to visit the world of Keji, if only for entertainment.

Man, if you can't clearly invest $20,000 in cars before the Democrats step down, then the problem is not with the Democrats.

Attributing your financial success or failure to a political party is purely comic gold.

Ladies and gentlemen, he stayed till Monday... to tip your waitresses.

"Man, if you can't clearly invest $20,000 in cars before the Democrats step down, then the problem is not with the Democrats."

What I don't see is a drop of 28 pounds on a car worth 20,000 dollars. Good news FM. November set a new record of inflation rate that we have not seen in 40 years. 6.8%! Now, if stupid Joe can pass his rebuilding bankruptcy plan, then you can add another 3 trillion dollars of unfunded cash that is ready to be injected into the economy. You must be very proud. Three years later, the $20,000 civic only needs 40 grand. If drowsy Joe will even allow ordinary citizens to ride ICE cars by then.

More comedy gold... high car prices? Blame Biden. High oil prices? Blame Biden. Acne outbreak? Blame Biden. Uncle Zed farts too much at Thanksgiving dinner? Blame Biden.

However, the fascinating thing is that once all this nonsense is over—and it will end—you will give credit to anyone outside of Biden.

The truth of the matter is that if Biden can control inflation, he will. Why? Because he's an elected politician and voters don't like inflation. But inflation is not under the control of the president, is it? No. It never has.

So blame it. People who know better know that you are just a cow.

Lol yes, bury your head in the sand

"Auto News identified the annual difference as a 44% increase"

When I bought my new car, I felt great.

You already feel great. :-)

Seriously, I wish I could say that it was brilliance, but it was pure luck. I found a car I like, which has been in the parking lot for several months. I got a good deal, and my deal is at least two more than a few months ago. It was a happy situation, and it doesn't exist anymore.

I also feel good, although it is entirely stupid luck in time. In late January 2020, I bought a Rogue (4000 miles) that was almost unused for my daughter; 4 months ago, the dealer offered to buy it back at a price of 6000 dollars higher than the price I paid. Can't imagine at what price they will sell it.

I would say that the new car dealers here rarely have new inventory (well, except for Mitsubishi), but their used car inventory is sufficient, of course Carmax, Vroom, etc. have sufficient inventory.

My instinct is to advise everyone to keep the current riding status as much as possible until the inventory increases, but I don’t think we will ever see the pre-Covid buyer market again.

This is why I bought the lease last month-the price is in the 2018 contract. The same money cannot touch anything else.

Does anyone know whether the insurance company will adjust the total car payment due to current market conditions? I feel sorry for those who are forced to change trains.

A few weeks ago, my neighbor’s 2016 Audi A3 was screwed up by a reckless driver (parked in front of his house). He really wanted to know the same problem. Haven't heard the result yet.

It's horrible, isn't it because you drive like a madman on your 25 mph street?

right. It is reported that when he lost control, the criminal was illegally overtaking another vehicle at a speed of more than 60 mph.

A spiked strip for a day or two may wake some people.

We are on a bus route, and I support the use of our buses to implement NYC Transit's car vaporization technology for these people.

twitter.com/nyctbus/status/1189662521432707074?s=21

@dal: This is terrible, but as the former owner of the '15 A3, I can tell you that the universe may have done him a favor and drove the car away before the really expensive things started to have problems.

Unfortunately timing, but on the other hand, with such absurd values ​​now, he might get a better solution than a year ago.

His experience with A3 was not dramatic, but he was about the age when he might stop.

Don't tell me... he has about 50-60,000 miles? I drove 29,000 miles and it was not perfect until about 55,000 miles. This is when the fun begins.

I serve local Audi owners on Facebook, and every time I see some 25-year-old guy showing off his non-rental Audi and chattering about all the modules he plans to make, I just pray for him. These cars will go wrong at about 50-60,000 miles-you can almost set a clock with it, even if it is maintained by a book (mine is).

Don't get me wrong-I like my old A3 very much. And it is not unreliable in itself—just troublesome. In retrospect, I think the pressure of "what will happen next" is worse than actually paying for repairs. Uh, all right. At least I got a lot of travel points by paying the mechanic with my American Express.

Oh, my 2008 A5 is about 49,000. There are no major issues so far. I do have to replace the headlights this year, but that's all.

Because I used to take the train to work, the mileage is very low, but this year I have been driving, in the days I went in.

Insurance is adjusting its payouts. In September, my parents got a head-on collision in their 2015 Acura RDX (oncoming cars jumped over the concrete barrier and hit them directly at extremely fast speeds). It is the basic model RDX with AWD. 69,000 miles.

They intend to sell it a few months ago, with a transaction value of approximately $15,000. In October, State Farm's offer totaled $17,500. My father retorted that "we want to replace it with the same model. We used it." After browsing the second-hand market and seeing their goals, State Farm offered another $23,000.

They took $23,000 and invested it in the new CX-5.

@AK Yes, they must be adjusting their spending. Last May, daughter #2 had a sideslip accident (she and another driver ran into each other while changing lanes on the highway service road). She drove a 2014 Kia ​​Forte sedan. We bought this sedan at the end of 2019 for $5,600 in cash. The damage after replacement (it requires a new driver's door) is about $4,500. I am worried that they will add it up (it still drove well, and it was not damaged enough to affect the operation of doors, windows, air/water seals, etc.) However, a replacement car like this would cost US$8,000 to US$9k, approved by the insurance company repair.

I am glad that your parents were not injured and they were resolved very well.

Of course, I think that high car prices will soon lead to higher insurance premiums, although insurance rates may be more affected by the cost of repairers than the cost of repairing the car.

Every day the market is like this, I really want to sell my Highlander. This is 63,000 miles in 2016, but I can easily get $30,000.

The problem is that I need to prepare a car for our next family road trip.

When you can find a rental car, the rental car is usually unavailable and the price is ridiculously high. Buying a car now is a fool's game unless you want a new car (i.e. a big car) that is not in high demand.

Same Here. I bought my second-hand 2019 Odyssey EX-L for US$14,000 in October 2019 and paid US$32,000. It now has 22,000 miles (2020 is vague, I travel by air without working), I just checked Carvana while reading this article and they quoted $37,000 for it.

We have three cars in our family (Prius 2014, Odyssey 2019, and Mustang GT convertible toy in 2006), and our daughter got the license just after she turned 2016. The plan is to give her my wife's Prius and buy an electric car for my wife. While we wait for the price to cool down, I can drive the Mustang as needed, and my wife can drive the Odyssey.

But for $37,000, I might start to figure out how to make it work with only two cars. The daughter is likely to fail, but she is unwilling to do this to her in her senior year. Letting her drive to school will help the logistics.

Anyone looking for Acura, I have two. 75k miles 02 and 03.

They are not TL or CL, are they?

If you are "concerned" about the defective transmission we discussed earlier, MDX in that time frame is also the affected model. The remaining CL-S 6MT, NSX, RL and RSX (if you are in Canada, please add EL) are the acclaims of millennials, and you can purchase a variable-speed drive axle without a time bomb under the hood with relatively high confidence.

In other words, I still often see well-preserved TL and MDX from that period on the DFW road. A good car other than the stupid 5AT; my brother has a '02 TL-S, except that the gearbox expires one week after his purchase (although he bought it from a non-Acura lot, the local Acura dealer towed it away and replaced it for free It did not cause him any problems, not because of his own negligence (he picked up the '03 IS 500 5MT a few years later and focused almost entirely on it). If I had a way, I would accept the challenge and increase it to 200k. All the problems were expected, he chose not to solve the mechanical wear and tear, the worst of which was the damage to the motor bracket.

The transmission of RL may also be the source of IIRC's headaches, albeit for different reasons.

Yes, it has been more than 5 years since replacing the bypass pipe. 2 is 10k.

Yes, it has been more than 5 years since replacing the bypass pipe. 2 is 10k.

I'm in the market, but dealers want nothing but silly money, including unpopular cars.

The price of Arteon is now $10,000 higher than it was 2 years ago. I am interested, but will not spend stupid money on this. Same as the older Lexus LS460. There is a pair that has sold more than 130,000 miles and the price is close to 18,000 US dollars. Just can't do it.

At this point, the idea of ​​buying/renting new equipment seems reasonable. Maybe the '22 Stinger with the new 2.5T is in the card. For someone with a family, squeezing the back seat is a problem.

We are open to suggestions for unpopular brands and premium cars. I thought of Acura RLX, but not many are available in the Sport Hybrid variant.

Maybe Avalon TRD should be checked.

In terms of used cars, it may be the Regal from 2014-2017 or the previous generation Genesis G80 or Fusion 2.0t? If you are looking for a new "family" car, then I would say the Accord 2.0t.

The second-hand price is so high, why not buy a new one—you can buy a car at a price lower than the manufacturer’s suggested retail price?

1. Under the manufacturer's suggested retail price, what is the destination of the new car?

2. There is a gap between people who can buy new* and * eligible for financing and people who cannot *both*.

This is an example I just looked at:

The 2019 Charger Scat Pack starts at US$39,995 and the destination is US$1,395. There is a national reward of US$4,900 for most of the year. Assuming that through negotiation or regional incentives, you can get $5,900. So in 2019 it is $35,490.

The 2022 Charger Scat Pack starts at $43,675 and the destination fee is $1,595. The prices of some options have also increased, but we will only compare the basic version. There is no reward for the new model year, but the "Bill Wade" above said that his Challenger has a $2,000 discount, so we will use it. Therefore, by 2022, your income will be $43,270.

Regardless of taxes, a car with the same function adds $7,700 (22%) in two years (depending on where you live may make the situation worse). How much has the Vroom price of your current car increased in the same period?

Therefore, you may still be "below the suggested retail price" on some cars, but you are still relatively hit.

The second-hand price is so high, why not buy a new one—you can buy a car at a price lower than the manufacturer’s suggested retail price?

I ordered a 22-foot BRZ last weekend. I found a few dealers, but I found one that can sell it at the suggested retail price, without a price increase, and no additional dealers. The car will be here in March.

The most interesting part of this transaction is that they agreed with my transaction value (2016 Focus ST is currently 44k) because I will drive this car until BRZ comes in. Both Carvana and KBB are at 21k, but I got a dealer to lock my transaction at $19,500. I told them that the car might have to travel 1,500 miles, and they were satisfied with it.

Worse car examples were sold on Carvana this month for $25,000, so I believe they will be far ahead here. Anyway, I paid $21,453 for this car in 2015, so I am happy that it depreciated $2,000 after 45,000 miles and almost 7 years later. This thing is worth $14,000 in 2019!

Man, beware...this is exactly the same as what I did when I bought the Honda Civic in 1985. They also "gave me a value" for my transaction, and a few months later, when I completed the transaction, my car was magically reduced by about 30%. The salesperson said that if I don't want the Civic, there are two other people behind me.

Of course I hope you don't become stiff like me.

Oh, I am very cautious about this. I got everything from writing, signing, paying deposit, etc... But I still expect the worst.

Always a wise idea. Let us know what's going on.

A year ago, I bought a 94,000-mile 2002 Silverado for $5,500—about 1/3 of the original manufacturer’s suggested retail price! I think this is a lot of money for a 19-year-old truck.

Again, what else can you buy for $5,500 these days, with at least 50,000 lives left?

Wait, I'm not playing games. I do think that even though some of it is just general inflation that we see everywhere. Not all price increases are due to shortages of computer chips.

I am in the "cycle" to get a new (er) car, but I am not completely dead in my current car, driving 70k miles.

I will be back in a year.

Are vehicles 10-15 years old to protect it?

I want a light truck from a suburban homeowner bs. It will not be a daily commuter, so it may be very old. I hope to be able to fit the child in at a critical juncture, so it shouldn't be too old.

I hope that higher prices will be concentrated on new types of cars that sane people might use for daily home transportation. The bottom line of truck depreciation has always been high, so it is difficult for me to figure out what is the right price.

The car guru claims that the price increase is not as severe as discussed here-for the older stuff, it is close to 10-15% per year. Does anyone have any thoughts on the old trucks in this market?

No. Everything used at all levels is extremely expensive. Not long ago, a "bad but transportable" car sold for $2,000. It is now more than $5,000.

You will find that the old suburbs are very popular. This is a demanding vehicle.

I just received an email from Ford today saying that my new hybrid Mavericks will be produced in the week of February 14. The Farm Bureau membership will get a discount of $500, nothing else, but at least I did not pay a tax higher than the suggested retail price and total cost, the title and permit will be less than 26k, which includes spray for bed liners, full-size spares and All-weather floor mats. New cars should not be needed in a few years.

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