Also a pretty bad time to check used car values as they have been declining over the past several months and returning to normal.
Many articles out there about dropping prices, and at least in my area dealer lots have gone from empty to full. At the start of 2022, I was fortunate to flip a few cars because of used car prices, but have struck out since Fall 2022. Some areas may be different, but overall it seems things are normalizing in the car space. Here is a quote from a cars.com post:Haven't seen anything like that. Everything I have seen is sky-high compared to three years ago.
I didn't say it tanked, just said it is declining and returning to normal. Overall, the price of vehicles has been declining, and yes there are exceptions, but basic economics are at work as supply returns to normal and demand softens. (Maybe Canada is different, as I do not shop or live there).Market hasn’t changed that much , and the pricing decline is based on what vehicle you have . Talk to the Tesla fan boys about the price cuts and then talk numbers . Sold my 18 ehybrid what I paid for it 3 years after I purchased it and my 21 pinnacle ehybrid is on cash positive side for value in trade or private sale . So generalizing that whole market has tanked as a blanket statement is just plain nonsense