I traded mine in on my new one and got 10% more than I expected. However that was in January.
Hope you're right because the car market is a bit peculiar but in the end if you were in the car market before the inflation hit you did well. If you jumped in late you paid the price. I have to say I have benefitted from the inflation over my past two sales and three purchases, so I'm good. I doubt I will be able to sell my car back to a dealership for full MSRP again in my lifetime.
Yes - don't mean to insult anyone. Just occurs to me that if you were a real enthusiast, you'd have either ordered the car new before the crazy inflation or ordered it now so you could have it be truly yours. Walking in off the street and being taken for a ride by the dealer just distorts the market for people who really want to buy a car used at a discount to get their foot in the door of ownership experience but are now priced out. Inflation has been good to me as well; not through cars as much but other investments and my job (financial services). I just know that out of control inflation rarely has a happy ending.....
I guess that depends by what we mean by supply / demand. Depending on what product we're talking, it's either more of a supply issue, more of a demand issue, or both. The chip shortage, which is impacting production is largely limited to more mass-produced, low margin cars rather than cars like Lamborghinis. So really, for the cars we're talking about, it's more of a pent-up demand thing for when production and buying activity were halted due to COVID and loose monetary and fiscal policy which pushed prices up. The first factor has largely ebbed as pent-up demand always does. However, low interest rates / loose monetary policy seeps into everything and causes asset inflation for longer. It's not a coincidence that asset prices took off in unison; the stock market, oil, lumber, bitcoin, real estate - so on and so forth. The balancing mechanism happens when people who own the assets look to capitalize on high prices and all return to the market, create a supply glut which then causes prices to mean-revert OR the Fed realizes that inflation isn't as transient as they've been trying to convince everyone and has to step in by tapering bond purchases and raising rates. The latter scenario is likely a late 2022 (tapering will begin before but not interest rate increases) or 2023 thing but you can already see sellers bringing assets back to markets in some cases. Real estate sales are slowing relative to listings, bitcoin has halved, inventory for some cars has gone up. Net-net, we've probably seen peak price come and go but economics will tell you prices are stickier downwards than upwards, so it'll take longer for it to come back to what in was in early 2020 than it did to get to early 2021 peak levels. That's just my .02, definitely don't have a crystal ball
no, I agree. there will never be a huracan price collapse. Perhaps even over a longer-term they will appreciate the way an air-cooled 911 has. just mean things like seeing used Huracans go for more than new when you can still order new (just have to wait a long time), which is a very recent thing.
I agree with you on that, going over list will end eventually.
realistically, 230k USD on a sale sounds very reasonable (unless your spec has some impressive options). Trade in, I’d just ping a local Lambo dealer to get a a quote.
Excellent analysis, appreciated. I think you have become our unofficial market prognosticator.Real estate sales are slowing relative to listings, bitcoin has halved, inventory for some cars has gone up. Net-net, we've probably seen peak price come and go but economics will tell you prices are stickier downwards than upwards, so it'll take longer for it to come back to what in was in early 2020 than it did to get to early 2021 peak levels. That's just my .02, definitely don't have a crystal ball
