More secret price increases?

[todayusay]

"trade in values" are definitely taking a hit but new Yukons/Tahoes are still bringing sticker - sure there's a softening but not enough to create inventory.

so while they are still asking (and getting) MSRP or more - dealers are really protecting themselves on trade in values. Sold a 2022 Z71 a few weeks ago and dealers were only interested in giving what i viewed as considerably below book value...Very good trade in value was $68k-71k and offers ranged anywhere from $60-64k...several mentioned that the original MSRP was $66k and that they wouldn't go over that or flat out asked what I wanted since the sticker was $66k - even though it was 4 months old and the MSRP of a new one is now almost $69k.

they are back to playing their games

 

[Doubeleive]

carvana tanked today.... saw that coming 5 miles away, who's next, used prices are coming back to reality here and there I see some still holding out hope lol

 

[Polo08816]

carvana tanked today.... saw that coming 5 miles away, who's next, used prices are coming back to reality here and there I see some still holding out hope lol

It's definitely worth holding out - especially if you're a cash buyer.

60 month auto loans on new vehicles are going to hit 6-7% APR for prime borrowers.

 

[TexasLC]

My 2021 Z71 Tahoe was $66,225.

Just built a 2023 for $73,180.

That’s a 10.5% increase.

Only difference was the 2023 didn’t have bucket 2nd row like my 2021.

 

[WilliamMunny]

My trade, a 2014 Mazda 6, was worth around 12,500 6 months ago and got 10,500 last month. Not bad considering it was only 21k new, but prices of used are coming down.

I was able to get 4.99% last month on 60 months but rate will be going up a bit more and probably stay there for a year or so.