With the market crazy what are people getting for trade in values?

Just wondering watching the news you see the markets crashing !!! world is ending dump your cars now. Anyone gotten any trade in offers on their cars recently.

 

A dealer that I took my truck to get serviced at sent me a offer for like 27k for my 20 trd sport fully loaded with 18k miles. Lol I think last time I looked it up myself it was like 37k

 

Won't be long before the dealership will be negotiating to remove the market adjustment off the new unit for your trade.

 

Yeah, those guys are funny. I think what they do is just base it off the lowest trim level. I have had some come back and be like oh it's a pro we ran it as a sport.
Interesting how it never works the other way. we ran it as sport but it's an sr5.

vroom for example offered my 10k less than carvana LOL. Then they have no place to put option. They used to have them all listed. Now the have Cargo cover as the only one.

 

2021 DCOR MT w/ 25k, no options except Advanced Tech

Carvana is $500 below (2021) MSRP
Tesla was $3k below Carvana
CarMax is $1k below Tesla
Someone else was $2k below CarMax

 

Carmax was the best a year or so back now they are just trying to steal cars

 

Have you done a search on their site recently? It's stuffed full of cars that still have 10-15k markups that they've been sitting on for a year. No way they don't have a huge crash soon.

 

I wouldn't worry too much about trades. This push to end all gas powered vehicle production by 2035 isn't going over well

 

You missed the boat, but you were better off selling at that time and waiting.

 

Wait until people find out, most people are completely unaware.

 

About time the market drops. Places like Carmax will be out of business in a couple years.

 

Sadly while Carmax sale were down 13% last quarter their profit per sale was up go figure.

 

The world isn’t ending. It’s just slowly going downhill lol

 

Still too high, and people are way too Chicken Little to even compare it to 2008.

I follow the RV index. Until you see craigslist absolutely overloaded with endless 1-2 year old RVs going for 20% of sticker then it isn't a true crash. (not 20% off. 20% as in you can find a trailer that saw exactly one camping trip and is now selling for 5 grand.)

Once you see the RV index crash, that's when it's time to buy. Until then, it's a seller's market.

 

go to kbb.com

 

Another one of these huh
Guess the two week break is over, and we may go back to 2-4 of these day.

 

$37,300, or just below carvana for me

 

Market adjustment is down right unacceptable. You want to take away a FULL tank of gas alright, I have seen Failure On Race Day pumping up 20k. Are they nuts. Keep the darn thing. It ultimately upset buyer who will never go back to that dealer and they lose future sales.

 

Hogwash! The used car industry will continue to chug along like it has for the last 100 years. Carmax and other big players will restructure their debt just like any other company would. It's the small guys that might not survive the inevitable pivot back to a more normalized economy.

 

Nobody is parting with their dream RV in the beginning of the season. The people who bought them and don't need them still have all summer to prove to themself they made a good investment. Can you tell I'm not into RVs.

I think most people buy them because they want them and use them, most buyers probably replace the one they get rid of with another model.