Real-Time Tracking Already Detects Shifts in the Auto Market
Posted by ByteWanderer@reddit | cars | View on Reddit | 55 comments
Posted by ByteWanderer@reddit | cars | View on Reddit | 55 comments
six_six@reddit
Get ready for $30K Honda Civics with 125,000 miles.
jawknee530i@reddit
It feels crazy that I got my '21 Audi Q3 for 38.5k in February of 2021. Just a few months later and my buddy paid 44k for his new CX-5 and shots only going more nuts.
six_six@reddit
I looked today and used Audis are cheaper than Civics.
jawknee530i@reddit
No, they are not. Looking in a 500 mile radius from me and filtering to 2020 or newer and less than 40k miles an Audi A3 starts at 21,500 and a civic starts at 17,600. Same age and mileage a civic is much cheaper. Why would someone compare a higher mileage or older Audi to a civic?
six_six@reddit
2024 Civic Si: $30K https://www.audifletcherjones.com/used/Honda/2024-Honda-Civic-Si-d5eec2a1ac1829149b5ba6c46aace8b0.htm
2024 A3 Premium: $29K
https://www.audifletcherjones.com/used/Audi/2024-Audi-A3-82ab4e98ac1819ea45fce80c91f135ae.htm
jawknee530i@reddit
Congrats on finding a random car more expensive than another one I guess? Doesn't change the fact that for equivalent year/mileage/segment hondas are cheaper than audis on average.
SavageryRox@reddit
u/six_six made a valid point. It's known that german cars depreciate quite quickly, whilst used Japanese cars tend to be overpriced due to the whole "reliability" craze. No need to get all defensive because you own an Audi.
This 23 CRV is selling for 33k with 17k miles, whilst this 23 Audi Q5 is selling for 32k with only 30k miles.
This 22 Civic is selling for 25k with 25k miles, whilst this 22 Audi A3 is selling for 25k with only 12k miles.
This 18 Civic is selling for 19k with 38k miles, whilst this 18 Audi A3 is selling for 18k with only 35k miles.
This 19 Accord is selling for 18k with 68k miles, whilst this 19 Audi A4 is selling for 18k with only 58k miles.
MagixTouch@reddit
Which ones have accidents?
SavageryRox@reddit
all of them have a clean carfax. You would have seen that if you clicked the links and checked for yourself.
MagixTouch@reddit
Why click when you did all the work. Thanks pal!
SavageryRox@reddit
what happened is you tried painting the picture that they are priced that way due to accident history. They didn't have accident histories. Now you are trying to play it off.
MagixTouch@reddit
No what happened was I was making a joke. And you got your feelings hurt and tried to be a big guy on the internet.
A_Pointy_Rock@reddit
And then $35k Honda Civics with 125,001 miles at the dealer down the road.
MikeyCyrus@reddit
Flashback to 2 years ago when a Toyota dealer wanted more for the 1 year old civic they were selling with 12k miles than the Honda dealer next door wanted for a brand new one off the truck. I offered 24k and it sold 3-4 months later for 21k or something
Astramael@reddit
In late 2021 when we bought a Mazda, multiple dealerships wanted more than new pricing for used models that we were looking at.
It was a wild time. We ordered a new one for significantly cheaper.
archithead@reddit
Good time to sell my Golf R.
Snakepli55ken@reddit
Just bought a car on Monday to avoid what ever is coming from the tariffs.
iamr3d88@reddit
Yea, I was planning on a new car in June or July. Picked it up today instead.
turb0_encapsulator@reddit
the biggest winners are going to be used car dealers. just like the pandemic. It's like we learned the opposite lesson from everything we went through 4 years ago.
doug_Or@reddit
Sold my "extra" car the day before he announced itš
Big_Flan_4492@reddit
Same š
turb0_encapsulator@reddit
Oh no. Both the cars in your flair are unlikely to be sold in the US going forward. They may move Type R production to the US, but it's unlikely we'll see the BRZ in the future.
West_Independent2551@reddit
Super disappointing too, I've been saving up for a Twin all through college so I could buy one when I graduated. Now I don't even think I'll be able to buy a clapped out FRS if the prices go as high as people are saying. It is not a good time to be an enthusiast.
Key_Budget9267@reddit
Same here, I've been saving up for an ND Miata after I graduate college. They're made in Japan as well, so that's the end of that.
cookingboy@reddit
Except even used car dealers are afraid of lowering consumer demand from high prices, in combination with high interest, which is different from the pandemic era market.
I was just listening to Car Dealership Guy podcast on tariff, and everyone is pretty stressed out (not that I have sympathies for car dealers).
Itās especially funny that one guy who was obviously pro-T was trying to play mental gymnastics saying how the tariff is a good thing for America and how he ātrusts the administration to be doing the right thing for Americansā, yet trying hard to cope with all his European brands dealers about to be hit in the face with a man-made hurricane of governance incompetence.
But one thing they mentioned is that a ton of people are doing panic buying this past week, and many people are asking about tariffs.
AwardImmediate720@reddit
That high interest is killer. I'm firmly convinced that the real nail in the coffin for the Z was that the stop sales ended and it finally hit dealer lots with enough supply to break the ADM problem just in time for interest rates to make buying a $50k toy cost way too much a month for people to do it The Z's pricing was great for ZIRP. Not so much for normal rates.
We're also seeing this in the motorcycle world. The new R9 is an absolutely berserk value for its price and Yamaha has openly said their goal is to redefine the price to features proposition in the sportbike market. You don't do that unless you expect the consumer base to be cutting way back on toy spending.
ByteWanderer@reddit (OP)
20,000 cars out of Hertzās inventory in a week? Looks like theyāre betting prices are about to shift.
turb0_encapsulator@reddit
probably a cool \~$100 million in profit for them. though they may need it with the massive drop in overseas tourism.
G0TouchGrass420@reddit
what a terrible article
the_jungle_awaits@reddit
Itās an ad.
Snakepli55ken@reddit
For what?
Xephyron@reddit
Hertz? Idk
clock_divider@reddit
Is it time to buy used right now before they go up, or just put it off for a few more years?
marke24@reddit
Just paid off my daily and had been thinking about getting something newer, but now I guess Iāll just hang on to it.
STRMfrmXMN@reddit
Dealertrack went down yesterday. Iām in IT for a dealership and that pretty much confirmed everything I needed to know. A random Monday aināt usually that busy, even if it is the last day of the month. Tariffs are gonna make things really interesting.
Snakepli55ken@reddit
I bought a car Monday and the dealership was packed.
Mr_IsLand@reddit
yeah, a year or so ago wife and I were still talking about getting a new car in a year or two but that's definitely not happening anytime soon now!
Juicyjackson@reddit
Subaru already stopped taking orders from customers.
We will see how everything goes down, hopefully Companies start bringing more production here.
WeBornToHula@reddit
Ain't gonna be overnight that's for sure
redls1bird@reddit
2-3 years at best... Thats if they were already eyeing a potential location and have dealt the with red tape.
cubs223425@reddit
I know people won't like the pain during that shift, but most should expect and accept that. If your stance is wanting production to increase in America, you hopefully have an understanding that it isn't something you can do quickly. Between having a location (if you don't own one already), getting the equipment (or moving it), and hiring the people (or migrating your workforce), it's going to be slow. Massive companies can't just flip a switch and press a button to completely alter their production activities.
willpc14@reddit
Which will still drive prices up for a variety of reasons including the fact that the parts being assembled will still be imported and taxed.
unretrofiedforyou@reddit
LOL as if being made here made any difference - you werenāt or couldnāt really buy a new car anyway š
54fighting@reddit
Most of big auto, including Subaru, manufactures cars in the US. The Toyota I was looking to buy is built in Kentucky, one of four states where they build cars.
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OvONettspend@reddit
4 years is not enough time to bring a new US plant online. manufacturers are just gonna ride this out until the next election
Tony-cums@reddit
Hahahahah. You said that like you believed it.
MaximumStock7@reddit
Iām sure the short bump in prices will be compensated by the coming recession
West_Independent2551@reddit
Probably. Especially if the recession lasts long enough and hits hard enough to outlast the current administration. Of course it will be hard to buy the cheaper cars if none of us have jobs.
MaximumStock7@reddit
Looks like we are Mad Max-ing it!
cookingboy@reddit
I guess someone is gonna be tired of winning.
I donāt know who that is or what they are winning, but someone must be right? Right?
West_Independent2551@reddit
The feds and the used car dealerships. Everyone else loses. In five years we'll be looking back at 2022 as the good old days when CTRs were only 80k.
rockomeyers@reddit
You forgot the banks
54fighting@reddit
Most of the big car companies manufacture cars in the US.