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Used Car Values
Please, this isn't about politics so don't go all PARF on me. This is Marketplace Discussion after all.
With the price of NEW imported cars set to go up by 25%, that could mean a new $80K car could then be priced to sell for $100K. That sure would make a gently used car from last year of the same make and model look like a bargain, assuming it had depreciated 20-25% just being driven off the lot....maybe $60K now?
So now I could buy the same gently used car for $60K versus a new one for $100K? That's a big delta.
To me that sounds like a great opportunity for people/dealers to mark up late model imported used cars dramatically, maybe even to the original MSRP? How long do you think it'll take for the used car market to figure this out?
Will my 2024 X5 be more desirable all of a sudden since the new ones will be so much more expensive? Your late model 911? I wonder.
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1978 SC Coupe, Gris Argent Metallic Silver
1988 FJ62 Blue/Gray
2020 M2 CS
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