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Old Nov 7, 2022 | 01:18 PM
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Default Used market

Is used market softening or just a larger pool coming off lease?

Local dealer has 9 use LCs on lot: Germain Lexus


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Old Nov 7, 2022 | 02:20 PM
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Incredible!
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Old Nov 7, 2022 | 06:49 PM
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Originally Posted by Montare
Is used market softening or just a larger pool coming off lease?
it's called a recession and people are selling frivolous assets.

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Old Nov 7, 2022 | 07:07 PM
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Originally Posted by bitkahuna
it's called a recession and people are selling frivolous assets.
https://www.cnn.com/2022/11/07/cars/...rop/index.html
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Old Nov 7, 2022 | 07:47 PM
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^^^ yes was just mentioning to someone that carvana stock went from 350 to 8 in maybe 18 months.
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Old Nov 7, 2022 | 09:08 PM
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Originally Posted by bitkahuna
^^^ yes was just mentioning to someone that carvana stock went from 350 to 8 in maybe 18 months.
They also have Nationwide issues NOT getting customers required titles, registrations, tags that were paid for etc.
A Major reason to get a car somewhere else.
Bruce in Fl
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Old Nov 8, 2022 | 03:49 AM
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Hmmmmm......They've already told us that we should be skeptical of ANY used cars being offered for sale in the great state of Florida!
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Old Nov 8, 2022 | 04:36 AM
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That dealership is just South of Ground Zero for the recent Hurricane.
Only 2 ways would I consider those cars;
That the dealer could show me dated pics showing them Inside a high rise parking structure during and after the storm,
OR Proof the car was out of state during the storm.
Otherwise it's a hard Nopeski from me.
I'd probably flat out tell that dealer I'd never seen that many LCs at Any dealer in Fl before and that I was Highly Skeptical.
Bruce in Fl
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Old Nov 8, 2022 | 05:53 AM
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Originally Posted by bitkahuna
^^^ yes was just mentioning to someone that carvana stock went from 350 to 8 in maybe 18 months.
The used car market has been tanking. Oversold and/or saturated since Covid. Higher interest rates. But I would venture that the typical LC500 buyer is not personally in recession.
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Old Nov 8, 2022 | 06:23 AM
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Two years ago when I bought mine a dealer had a bunch because they were all part of a local promotional event and they didn't need them any more. My money is on that.
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Old Nov 8, 2022 | 01:24 PM
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Just as a reference, I purchased a 2018 with 19k miles, Ultra White, Sports Package with Glass Roof, LSD, HUD, All-Weather, M/L (basically fully loaded Sports non-carbon) for $73k 3 weeks ago, which I felt was a good deal considering that spec and color has sat in the high $70's for the past 1.5 years, even with 10k to 15k more miles.

Checking Autotempest nationwide today, around those specs, most are still hovering in the $75k to $78k range (save for a blue one, which I think is a color discount). Hasn't softened as much as I thought, but since I've been trying to buy for the last 2 years, the price I purchased at was basically where I expected them to be before this craziness started 1.5 years ago. Strangely, there are plenty of base/touring models in the high $78k's as well (I just check the wheels). I made sure it never set foot in Florida as well
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Old Nov 14, 2022 | 02:43 AM
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We're seeing snap back from all the COVID / Chip shortage / craziness and the only people that haven't got the memo are the sales peeps who think that "its different this time", which it is NOT. The '23's are starting to arrive and many of the '22's just landed within the last 30-45 (or so) days, EVERY dealership I've been by has plenty of cars on the lot.

6-9 months ago, cars were sold before they even hit the lot, that's not quite the case anymore. High end and luxury is always the 1st to go up and the 1st to come down, I'm biding my time to make the move in to the LC and it's not to far away, IMO.
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Old Nov 14, 2022 | 05:52 AM
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And you *** clown dealers who;
Wouldn't even communicate with you unless you came in to the dealership.
Had the ***** when I said That's Not how I buy a car to say Well that's how we sell them and Hung Up on me.
Wouldn't consider Any negotiating At All.
Wouldn't even consider contacting another dealer to help find me a car.

No, I Haven't forgotten who you were.
​​​​​​
Bruce in Fl
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Old Nov 14, 2022 | 12:43 PM
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Originally Posted by BruceinFla
And you *** clown dealers who;
sounds like the feelings are mutual.

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Old Nov 15, 2022 | 11:50 AM
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Agree The old, 'when can you come in for test drive?' It's a commodity item, I already drove one and I know what I want - just give me OTD pricing.

Night and day difference between some SWFL dealers. One 'internet sales manager' was pissed when I asked what exactly he does if nothing happens over the internet except to automate inbound sales leads ....... Another will work a deal over email/text and then a no games sales order to match.
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