Trade in value dropping 11+%
Thread Starter
|
FTE Community Team
Joined: Mar 2017
Posts: 3,339
Likes: 1,053
From: Florida
Trade in value dropping 11+%
Manheim Auctions show the average values of used vehicles has dropped 11.8% first 15 days of April compared to the month of March.
They also expect prices of used vehicles to drop drastically over the next few months which will affect trade in values dealers are offering BIG TIME.
https://publish.manheim.com/en/servi...lue-index.html
They also expect prices of used vehicles to drop drastically over the next few months which will affect trade in values dealers are offering BIG TIME.
https://publish.manheim.com/en/servi...lue-index.html
Laughing Gas
Joined: Jan 2010
Posts: 817
Likes: 23
My dealer has a used 19 350 Limited with 26K miles and they are asking $71K.
Trending Topics
Thread Starter
|
FTE Community Team
Joined: Mar 2017
Posts: 3,339
Likes: 1,053
From: Florida
Your dealer is delusional. That price was an OK “asking price” about 2 months ago but not now.
FTE Stories
Ford Trucks for Ford Truck Enthusiasts
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Verdad Gallardo
Top 10 Most Expensive Ford Trucks Ever Sold on Bring a Trailer
Joe Kucinski
2027 Ford Super Duty Buyer's Guide (Every Model, Engine, & Package)
Brett Foote
Top 10 Ford Truck Tragedies
Joe Kucinski
AEV FXL Super Duty - the Super Duty Raptor Ford Doesn't Make
Brett Foote
Lobo Vs Lobo: Proof the F-150 Lobo Should Be Even Lower!
Michael S. Palmer
Ford's 2001 Explorer Sportsman Concept Looks For a New Home
Verdad Gallardo
10 Best Ford Truck Engines We Miss the Most!
Joe Kucinski
2026 Shelby F-150 Off-Road: Better Than a Raptor R?
Brett Foote
Fleet Mechanic
Joined: Feb 2019
Posts: 1,297
Likes: 170
From: Hunterdon Cnty N.J.
Yea but looking at used or trade in prices and assuming new car pricing will remain strong is flawed as well. Nothing is selling. With 26 million... actual hard working individuals out of work.... no one is buying much of anything.
The entire market is frozen in place.
Yes its a buyers market... for luxury items if you have cash.
Besides ... with it parked in the driveway... your truck isnt gaining miles...
The $71K limited guy....Im thinking if it was a brand new leftover that would be a reasonable price.... yea hes delusional alright...
Imagine the loss in value of your home right at this moment....
At least much of the initial 401K loss in value has returned...
The entire market is frozen in place.
Yes its a buyers market... for luxury items if you have cash.
Besides ... with it parked in the driveway... your truck isnt gaining miles...
The $71K limited guy....Im thinking if it was a brand new leftover that would be a reasonable price.... yea hes delusional alright...
Imagine the loss in value of your home right at this moment....
At least much of the initial 401K loss in value has returned...
Fleet Mechanic
Joined: Jun 2018
Posts: 1,463
Likes: 537
From: Wasilla, AK
Bargains can be had. I was looking for a small street bike. Found a 2019 Kawasaki 2019 Z400 in showroom condition with 58 miles on it and warranty until Feb 21 for $3500. New, the local dealers wanted $5500. Attached the trailer to my Super Duty and picked it up last Tuesday. Now am looking for a smallish dirt bike.
There are still plenty of people working and looking to buy new. I know a couple of guys in the business and they both said new sales are down but they are holding firm for higher pricing because inventory is very limited.
PS: Trailer is a dual axle and with the bike weighs in at about 2,000-2,200 pounds. Averaged just over 12 mph towing it home running 65-68. If I would of removed the rear ramp that sticks up 4 feet mileage would of jumped another 1 mpg.
There are still plenty of people working and looking to buy new. I know a couple of guys in the business and they both said new sales are down but they are holding firm for higher pricing because inventory is very limited.
PS: Trailer is a dual axle and with the bike weighs in at about 2,000-2,200 pounds. Averaged just over 12 mph towing it home running 65-68. If I would of removed the rear ramp that sticks up 4 feet mileage would of jumped another 1 mpg.
Lead Driver
Joined: Jan 2017
Posts: 6,840
Likes: 4,131
From: Jacksonville
'20 Limited CC SWB. List price $88,815 / Discount $9379 / Sell Price $79,436. By the time TTT & associated BS is added on the drive out price is $85,517.72
Same dealer. '20 Platinum CC SWB 6.7 PSD. List price $83,120 / Discount $9666 / Add bed liner $399 / Sell price $73,853. TTT & BS drive out is $79,599.74.
The Platinum is discounted roughly 11% and the Limited is at roughly 10-1/2% discount. This is the initial offer and my daughter & S-I-L bought a '19 Expedition Max Limited from this guy last year so we have some history. He'll need to sharpen his pencil some more and hopefully I can find a CPO to make it sweeter.
Logistics Pro
Joined: Mar 2019
Posts: 4,064
Likes: 13
Does this look like the dealer's hungry? Me thinks not.
'20 Limited CC SWB. List price $88,815 / Discount $9379 / Sell Price $79,436. By the time TTT & associated BS is added on the drive out price is $85,517.72
Same dealer. '20 Platinum CC SWB 6.7 PSD. List price $83,120 / Discount $9666 / Add bed liner $399 / Sell price $73,853. TTT & BS drive out is $79,599.74.
The Platinum is discounted roughly 11% and the Limited is at roughly 10-1/2% discount.
'20 Limited CC SWB. List price $88,815 / Discount $9379 / Sell Price $79,436. By the time TTT & associated BS is added on the drive out price is $85,517.72
Same dealer. '20 Platinum CC SWB 6.7 PSD. List price $83,120 / Discount $9666 / Add bed liner $399 / Sell price $73,853. TTT & BS drive out is $79,599.74.
The Platinum is discounted roughly 11% and the Limited is at roughly 10-1/2% discount.
