New Cars Are Finally Selling Below Sticker

https://jalopnik.com/new-cars-are-finally-selling-below-sticker-1850332108

by t23 • 3 years ago

33 17 3 years ago

e-clinton• 3 years ago

What’s most surprising to me is that the average car purchase was $48K. Seems like a lot of money given that the average salary in the US is $60k. But then again, people on lower income brackets may be buying used vehicles.

latchkey• 3 years ago

I'd personally never buy a new car again. The moment you drive it off the lot, you've lost value.

The hard part with that though is finding a used car that fits your criteria. Even with all the search engines online now, they don't cover all the various features cars can come with. You setup a specific search and they email you seemingly random results. It is maddening.

kylehotchkiss• 3 years ago

Not every car! My gently used SUV reports having about the same or slightly higher value than the sales price on KBB for my area.

paulpauper• 3 years ago

Isn't it like this with any car? You always are paying at a markup whether new or old.

pfannkuchen• 3 years ago

I think part of the value drop is due to a fundamental lack of certainty over what has happened in the life of a used car, however short. Did it have undocumented problems, etc. If you buy a new car you don’t have that uncertainty.

2023foo• 3 years ago

Trusting used cars makes buying a new one at a discount the better deal, neva pay retail

Skates1616• 3 years ago

You knew this had to be the case when Costco starting having car displays again in store…

olliej3• 3 years ago

Hmmm - given that just a couple of weeks ago while looking at cars literally every dealer had a 4k to 10k “market rate adjustment fee” (literally what they called it) I’m not sure how much I trust a claim that this is magically over. I don’t see it really stopping until people can just buy directly from the manufacturer.

olliej3• 3 years ago

Oh and when we did buy a car, they now have a “contract” you have to agree to that basically says “you can’t exercise your rights under the CA lemon law”. What fun!

theGnuMe2• 3 years ago

yeah that's probably not enforceable.

New Cars Are Finally Selling Below Sticker

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