Any idea when car prices will go back down?
- Thread starter Ezekiel 25:17
- Start date
Schadenfreude
Pro
If that Camaro has the 10 speed auto, it's actually faster and more fuel efficient than the manual transmission version is.
Man I'm not willing to drive a soulless car just to shave off a tenth of a second
Ezekiel 25:17
Veteran
Not now, chopping up all my important bills and saving for a decent down payment.
Definitely going for the 6 speed. That SS will be a nice cruising car. Won't be doing any racing though, them 10 speeds ain't no joke.
Schadenfreude
Pro
Fair. It's also a $1600 option on that car, and it's a bit more fuel efficient (who buys a Camaro and worries about fuel efficiency?).
Ezekiel 25:17
Veteran
Schadenfreude
Pro
When you're in the market, I can put some feelers out to possibly find a color/trim package combination that might work for you.
Ezekiel 25:17
Veteran
It's gone be used, I'm thinking $35k max. I might have to go for the LT1s, they a lil bit cheaper. But the SS got everything you could want.
Crazy because before Covid a lot of used Camaros was high 20s
when people stop paying the markups
anything in demand, dealers are marking up minimum $10K and folks still paying it
anything in demand, dealers are marking up minimum $10K and folks still paying it
For what it is, it gets decent fuel mileage especially with a tune.
Schadenfreude
Pro
It's gone be used, I'm thinking $35k max. I might have to go for the LT1s, they a lil bit cheaper. But the SS got everything you could want.
Crazy because before Covid a lot of used Camaros was high 20s
Oh I know - also, since Carvana is teetering on the brink of bankruptcy, that might cause a significant amount of inventory to hit the market at rock bottom prices (relatively speaking).
Ezekiel 25:17
Veteran
We'll see what happens, I'm genuinely curious in the coming months. Also I think Chevy is killing off the Camaro V8s, so now the time to try to get one.
Why is Carvana doing bad? Seem like a good setup especially with the 7 day test trial they give you with their cars.
Schadenfreude
Pro
Carvana has never made any money - their business model (in theory) works with scale, but they underestimated how much it costs to set up reconditioning centers all over the country, as well as the logistics involved of transporting cars all over the US (as well as those stupid vending machines). Not to mention that they've been overpaying for used car inventory since their inception - giving people estimates of what their car is worth based on a picture and without a physical inspection is absolutely CRAZY. Especially with the amount of crap that can break or malfunction on a car these days. Stock was near $300 almost a year ago to the day, now it's at $8 with a ton of debt.
Yes, the bidding war of twenty twenty four
