Quote:
Originally Posted by chassis
Now is a good time to buy. Preowned buyers are facing a favorable market.
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I would definitely wait. The wholesale market is dropping out from under dealers and resellers. They will eventually have no choice at some point and have to start wholesaling inventory. If not...they will be quickly be under water, if not already. All the current used inventory was acquired at sky high prices. Wholesale market dropped 15% last year, all while dealers try to hold the line...only dropping average used inventory prices 3.8% last year. These resellers are playing a game of chicken and they are going to lose. Ask for a trade-in quote from these dealers, you will see what they really think used car values are at. It isn’t anywhere near what they have their used inventory priced at.