Quote:
Originally Posted by Atmo
Back on topic, yesterday a Florida friend in the car biz said that Carvana and CarMax dealers there are full of recent model year inventory and are no longer buying anything. That's an indicator that used prices are starting their correction mentioned in the first post in what's normally one of the hottest new and used regions of the U.S.
Not surprising given the economic data getting worse by the day, and we've a ways to go.
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There will still be a segment of the population that will still insist on buying new no matter what happens to used prices. It will certainly knock many makes and models values way down. It will probably not impact the "performance" and sports car market much though since there are no fleets of them being unloaded in bulk. Be a great time to buy if you are looking for a white base trim Camry, Focus or Malibu though.