Quote:
Originally Posted by aschen
Car prices are way down in the last 2 months or so and they will undoubtedly continue to fall.
Read that dealer inventories are depreciating at 1% per WEEK on used cars recently. Carvana is hosed and many dealers will be in trouble.
Anecdote: internet is full of 981 gt4s listed for 110k but they go for low to mid 80s on bring a trailer. A lot of optimistic sellers these days livin in 2022
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As a potential consumer, I'm glad (selfishly) that car prices are coming down, though I see hiw that's not necessarily good for the overall economy. At the same time, I'm still seeing newish Porsches for sale for far more than their sticker prices. Granted there's a difference between asking price and actual selling price. But all day long I see people trying to unload their low-mile 911s for $20-50K over sticker. So this news is definitely surprising to me.