I use mint (from intuit) for my personal finance budgeting and tracking. I had added our 2017 Pacifica Touring L Plus as an asset and mint automatically kept it up to date with what it thought was the vans resale value (KBB, Black book, Edmonds etc all averaged out).
As late as July (I think) I remember seeing the value come up as around $28,000+ and I did get offers from Carvana and CarMax for $31,500+ back in March/April (but i understand that all used cars were hugely inflated in Q1 and Q2 of 2022). Today I noticed that the value of the car was showing up as under $9,000 which was unexpected.
Anyone else seeing this? I assume this is a result of the high gas prices (although it is down now a bit) and the push to get more EV on the roads? Thoughts?
As late as July (I think) I remember seeing the value come up as around $28,000+ and I did get offers from Carvana and CarMax for $31,500+ back in March/April (but i understand that all used cars were hugely inflated in Q1 and Q2 of 2022). Today I noticed that the value of the car was showing up as under $9,000 which was unexpected.
Anyone else seeing this? I assume this is a result of the high gas prices (although it is down now a bit) and the push to get more EV on the roads? Thoughts?
