Quote:
Originally Posted by chassis
More price reductions for preowned vehicles on my watch list. New vehicle listings are at similar or lower prices than slightly better optioned but 3 model year older used units. The market is confused and preowned prices will adjust lower.
Dealer salespeople are emailing me directly to let me know about pride reductions after telling me “no” to my initial suggestion for a lower price.
I see preowned prices going lower for the forseeable future. Comments?
p.s. Latest Cox/Manheim news release indicate price and sales volumes headed lower.
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I've started engaging dealers about used trucks and none that I've encountered are willing to move off the price more than a few hundred dollars. Even after filling out credit apps (just to show I'm serious) they let me walk. Some don't even reply to an email or call, it's quite amazing. The biggest issue is going to be getting dealers back to reality after this gravy train, and that is going to take months or years IMO. Some of them still have cars that they paid too much for and literally can't move off the price even if they wanted to.