If trends continue, do you see V6/V8 used-car values going down?
Posted by planbskte11@reddit | cars | View on Reddit | 43 comments
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Posted by planbskte11@reddit | cars | View on Reddit | 43 comments
[removed]
StanCranston@reddit
OPEC is falling apart. Oil prices will most certainly fall post war.
Easy-End-2852@reddit
Look at gas prices as a function of car price. If I buy a car for $120k do you think I care if I spend $1600 or $3200 for fuel annually? It becomes irrelevant in comparison to TCOO. Poor people and cheap cars focus on gas price and efficiency because it is large proportionally.
Heavy_Gap_5047@reddit
I find it hilarious that many people who bitch about gas prices will do so on a new iphone the finance every year.
ManufacturerBest2758@reddit
Most Americans buy phones on carrier plans that are functionally 0% interest, let’s not sit here and pretend that’s really the same thing.
Heavy_Gap_5047@reddit
You don't think they make money off that "plan" in a similar fashion?
ManufacturerBest2758@reddit
Yes, carriers make almost all their profit on the service plans, not device sales. You can buy a phone from Apple or Google or Samsung without a plan and it costs the same $1000 as the one you buy from Verizon or AT&T with a plan.
carguymt@reddit
Every year was the key to their comment. Tons of people are perpetually paying that phone payment that's baked into their bill because they never keep the phone for more then two years.
GalacticSparky@reddit
You get a new phone every single year? And finance it?
Heavy_Gap_5047@reddit
No, but many do.
RIP_SGTJohnson@reddit
Fwiw the flagship iPhone price has only gone up $100 since 2017 (pro/equivalent, non plus/max, base storage option). Not saying you’re wrong or anything but nice to see
hi_im_bored13@reddit
+ I'd wager the ppl (enthusiasts) shopping for used v8s, often as a second+ car, are far more elastic w/ consumable costs than your average driver. Like compared to a set of tires & pads and/or a track day 5mpg diff is what it is
but like armadas, qx80s who cares
Evilmoustachetwirler@reddit
I'm economic terms it's inelastic demand that stays relatively consistent regardless of price. But I agree, my fun car only comes out every other week, the price of fuel is not a big concern. Insurance on the other hand 🤬
Easy-End-2852@reddit
If it’s a weekend classic car you can get collector insurance and it’s really cheap.
Easy-End-2852@reddit
Exactly. Also many of these are second third or fourth cars. So it’s something you take out for fun on a nice Sunday. Maybe 2000 miles per year. Gas price could quadruple and it wouldn’t really matter. These same people might buy a Model Y to commute in though. But V8 for the Sunday drive in the hills.
hi_im_bored13@reddit
Yeah at least for me gas prices would legitimately have to hit like $15+ for it to change my enthusiast buying decisions
& even then like, my s2000 gets \~250mi depending on how I drive, would cost $200 to fill up, 80c a mile is horrific but it still doesn't sound horrific enough to give up that car
& plenty of these v8s e.x. LC500 or even a c6 just sip fuel on the highway, could get 30mpg w/o too much harm
Loltoor@reddit
I couldn’t even tell you the price of gas these days. I just fill up and go.
wearymicrobe@reddit
I have never once thought about gas mileage on a weekend or fun car. I do care how often I have to fill the tank as getting gas is a pain. But you are 100% correct nobody who buys these things care.
PretendLength1710@reddit
feel like the regular v8 market already takin a hit, only the special editions and trucks really holding. insurance rates on v8s been climbing like crazy too
kstetter@reddit
V6s aren't much worse than I4s, but culturally nobody cars about V6s other than it's a bigger number and a V.
V8s are definitely are going to keep their value, same with straight sixes. Culturally V8s are seen as the definition of a real truck or muscle car
Arcanym@reddit
Some turbo V6's get absolute dog-shit MPG. My G70 3.3TT got about 14mpg on average, though I drove the car like a performance sedan is supposed to be driven and almost all miles were city/backroads.
teggyteggy@reddit
Look at the V6 in the Lexus, Acura/Honda, Hyundai cars and compare it to any i6. It's worse
kstetter@reddit
The V engine configuration isn't the best for fuel efficiency from what I know, it's more about the compact size
QLDZDR@reddit
When they start making synthetic fuels that produce less pollution, we suspect that fuel to initially contain less energy density, so you will need the larger displacement ICE to give you a reasonable amount of power.
Collect the larger engines 👍🏽
audi27tt@reddit
The oil curve is in pretty steep backwardation with 1 year forward prices about 25% cheaper than spot, so I wouldn’t expect make much of a difference.
boxofninjas@reddit
No, my full size Silverado V8 gets the same if not better mpg than the new smaller midsize 4cy turbo Colorado’s.
RiftHunter4@reddit
All feel like lumping all V8 cars together doesn't make much sense. No one cares about Crown Vics and 90s Mustangs. Same for most C4 Corvettes and definitely C3's.
The V8 Cadillacs and Lexus models do not hold their value because of their engine, it's because (mostly) they were good cars. People want a fun V8, not a 160hp V8.
Gas prices aren't going affect any of this because enthusiast cars are passion purchases, even for non-enthusiasts. No one buys a Mustang GT because it's sensible. You buy it cause it's cool.
Least_Confidence_225@reddit
Prices won't crash, but liquidity will drop significantly.
ChainBlue@reddit
Real World: more people than you think aren’t rational actors. They buy a car based what the monthly payment will be and how it looks. Typically, the poorer the people, the more that holds true.
Jamaican_Dynamite@reddit
Most people will just try to ride mass transit more, or buy self driving EVs to avoid the hassle. Most normal vehicles will eventually get retired to junkyards and scrapped.
Collectors cars will get picked up by collectors with deep pockets. Or people with know how. And that's pretty much it.
Incompetent_Person@reddit
Let’s do some math here. According to the EPA, average new US vehicle gets 27 mpg. At the average 15k miles a year, every dollar gas rises is “just” an extra $550 a year (15k miles / 27 mpg = \~550 gallons). That’s less than the average monthly new car payment. Even at 20mpg if you’re driving an older car, it only rises to an extra $750 a year per dollar increase. Not much when the average new car sold is north of 50k.
Yeah maybe V8/V6 prices will drop because people think it’s bad, but anyone actually doing the math will realize it’s a non issue, especially if it’s for a sports car that will be driven only occasionally.
GeneralMotorsLS3@reddit
Your math makes sense, but I feel like in the real life with people that I talk to, they are wanting to get rid of their bad fuel economy cars and getting a hybrid / electric out of emotion & out of being sick of paying for gas and how volatile it is. I don't think many people are actually sitting down and doing math. I think they're just saying "gas prices high, my bad mpg car got to go"
Heavy_Gap_5047@reddit
This and unless future governments do really more stupid things, which they might. I expect gas prices to fall.
Vino1980@reddit
Like some have said only special/desired cars will hold value. 3 weeks ago I sold my 2014 FJ Cruiser with 44k miles for $37k, sold in less than a week. I think cars will become more disposable as they make more and more parts out of plastic and the rise of electric vehicles.
Heavy_Gap_5047@reddit
Nope, I'd say where pretty much at the bottom of that market right now.
Uptons_BJs@reddit
I just traded in my Camaro 2SS.
Paid $47k+destination (Canadian) got a trade value of $38k. That’s with bald tires, needing new transmission fluid, new spark plugs, and new rear differential fluid lol
Guac_in_my_rarri@reddit
Eh, it's more having a special model than anything. I sold one of my i4 turbo cars for BE. If I actually listed it I could have gotten more but rather not when I had a buyer ready for it.
Bebealex@reddit
On the used side for my take.
Technologically and mechanically complex engines will always go down. I see NA V6 Armada depreciating slower than their new turbo variant. At some point the value become want you think the problems could cost.
On the lower lower spectrum I'm curious when cheap reliable (things like Corolla or NA SUVs) cars will be at their 5-8000$ range what it will do versus similar cheap EV. Will we see cheap gas car in rural areas and cheap EVs in citys?
We see clapped out maximas but at some point will those people drive clapout Kona EV ?
SnowDucks1985@reddit
I think as EVs take more and more dominance over the market in the next decade, values of V6/V8 will even go down 1 of 2 directions:
(1), become collector items of sorts, thurs holding their value strongly or appreciating in specific circumstances.
(2) Tank in value, due to the perception of MPG inefficiencies against a hybrid/EV dominant market.
Either way, it’s undeniable at this point that V6/V8 will continue to become a niche segment. Especially with many EVs being just as fast (if not faster) than the sports era of old, I think the average Joe will
Cranks_No_Start@reddit
So the price of a V12 Jag will drop more? Sign me up.
Seref15@reddit
If it's a specialty car (which at this point pretty much any V8 is, especially NA V8) then it'll probably hold decently. It least that's what I'm counting on.
Spicywolff@reddit
prices are still gonna sink like a drop for the majority of the market. My c63S I bought with a lot of depreciation. And then when I sold it that trend did not go upward, even though its replacement was a shitty four-cylinder and a lead heavy hybrid system.
V8 or not cars age and lose value, unless they’re truly special and unique. I wouldn’t count on their value holding to match inflation or going up in value. The black wings are a bit of something special in the market nowadays, and the C7 Corvettes are holding value well. But the replacement was very polarizing, especially for the old guard generation.
But look at the German V-8 and other cars like Camaro and Mustang. Prices still drop
neueziel1@reddit
Yes rare high powered toys will be desired by the wealthy
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