11-07-2022, 09:17 PM | #1 |
Drives: 2018 1LT RS V6 A8 Convertible Join Date: Sep 2017
Location: USA
Posts: 497
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Carvana Camaro Offers
While used Gen6 Camaro values have been declining along with most preowned vehicles they are still holding their own, even with the winter season now on the horizon. Sadly, it appears Carvana who had been putting some really good offers on used Camaro’s is at least for now steering clear. “Some sweet rides are outside our sweet spot” is the message that now appears on Gen6 Carvana appraisals along with to say the least, a sadly disappointing offer. With used car prices declining rapidly and winter on the way, you have to wonder if the days of crazy used Camaro pricing are finally over. Gotta admit we had a good run while it lasted...
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11-07-2022, 10:02 PM | #2 |
Drives: 15 RH Z/28, 23LT1VOM Join Date: Dec 2012
Location: So Cal
Posts: 837
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Carvana will be BK in the next few months, stock has gone from 350 to 7 bucks.
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11-07-2022, 10:41 PM | #3 |
Drives: 2017 RS Garnet Red Tintcoat A8 Join Date: Oct 2017
Location: Northeast Mississippi
Posts: 346
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One of their commercials, that I have seen several times and even recently says it all about them. Shows a Gen 5 Camaro in one of their "vending machines" and they are advertising it as a 2016. They are currently barred from doing business in IL, (second time), and WI, I believe as they can't get people their titles in a timely manner. Will be a failed gimmick business model very soon.
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11-07-2022, 11:43 PM | #4 | |
Drives: 2023 2SS Convertible Join Date: May 2009
Location: Metro Detroit
Posts: 1,098
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Quote:
-Geoff
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'12 2SS RS Convertible - Traded in.
'16 2SS Convertible - White on white, mag-ride, NPP, nav. Sold! '23 2SS Convertible -Same as above except orange. |
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11-08-2022, 08:29 AM | #5 |
Drives: 2016 Camaro 2SS Hyper Blue Metallic Join Date: May 2020
Location: WI
Posts: 2,605
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Didn't I just see a report that Carvana lost 1.5 Billion the last quarter? The used car market is/has come back to reality. That doesn't mean dealers or privaty party have been willing to accept it. I still see most Camaros with rediculous prices on them. They'll sit. Dealers overpaid for a lot of their used cars. They'll keep the listed prices up on them as long as they can.
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11-08-2022, 08:55 AM | #6 |
Drives: 2023 Chevrolet Camaro 2SS 1LE Join Date: Jan 2020
Location: Pennsylvania
Posts: 1,213
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It’s not just carvana, it’s all dealers that are offering less for all cars now. They are now offering normal amounts but adjusted for inflation. Of course a lot of them (not all) are still asking high amounts when they sell them but like the poster above said their cars will sit and they’ll be forced to lower the prices. The prices WILL eventually lower on used cars. I’m seeing private sellers that had ridiculously priced cars lower their prices by thousands of dollars because no one is buying and dealers aren’t giving them crazy high prices anymore. I’m not sure about new cars as they are still having some supply issues.
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11-08-2022, 12:54 PM | #7 | |
Drives: Chevy Camaro Join Date: Apr 2020
Location: Wi
Posts: 384
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Quote:
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11-08-2022, 01:16 PM | #8 | |
Drives: 2022 CT4-V Blackwing Join Date: Sep 2013
Location: Florida
Posts: 2,723
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Quote:
Many had a vehicle purchased during normal times when you would buy under MSRP at a low interest rate. You could trade that car in and pay for inflation adjusted MSRP on a new one because the trade-in value was so good that you could financially justify it. Well, if your trade-in value is plummeting and interest rate are rising then something has to give. Either prices must come down or demand continues to drop. Sure, we have still have new car supply issues but they are starting to be offset by demand destruction for the reasons stated above. Same thing in the housing market. Rates are going to continue climb even higher to try to curb inflation.
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2002 Corvette Z06 - Black - Sold
2013 Camaro SS 1LE - Black - M6 - Sold 2016 Camaro SS - Mosaic Black - A8 - Sold 2017 C7 Stingray - M7 Coupe - Sold 2019 C7 Grand Sport M7 Vert - Sold 2021 Camaro ZL1 - Black - A10 - Sold 2019 Tesla Model 3 2022 CT4-V Blackwing - M6 |
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11-08-2022, 01:51 PM | #9 | |
Drives: Chevy Camaro Join Date: Apr 2020
Location: Wi
Posts: 384
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Quote:
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11-08-2022, 02:58 PM | #10 |
Drives: '17 Camaro 2SS & '99 Camaro Z28 Join Date: Feb 2014
Location: Austin, TX
Posts: 1,869
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I have to ask who's brilliant idea it was to think 'Demand Destruction' was a good idea.
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11-08-2022, 03:18 PM | #11 | |
Drives: 2016 Camaro 2SS Hyper Blue Metallic Join Date: May 2020
Location: WI
Posts: 2,605
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Quote:
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11-08-2022, 03:51 PM | #12 | |
Drives: Hyper Blue 2016 2SS 6M Join Date: Sep 2017
Location: North Ga
Posts: 1,794
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Quote:
__________________
Baby Blue
2016 Hyper Blue 2SS/6m/MRC/NPP/Silver Rally stripes/ZL1 wheels & brakes/GForce DS and axles/ZLE Cradle Bushings/FE4 ARB front & rear/SEMA Grill/Rotofab dry/95mm TB/Magnuson 2300/Full LT4 fuel system/JMS boost-a-pump/E85 Sensor/Ported CID heads from LME/Cammotion PD cam/Thompson Motorsports forged shortblock/catted Kooks 1 7/8 headers /JRE remote tuned |
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11-08-2022, 04:05 PM | #13 |
Drives: 2016 2SS Convertible Join Date: Dec 2019
Location: SE Michigan
Posts: 583
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As another poster mentioned, Carvana in MI is barred from doing business too. Even after the State shut them down, they ignored the order and did business for a few more days.
Crazy story: buddy of mine looking for a used CT6, 2016-2019 range. He's wants the cashmere interior which is rare and only came on the platinum edition apparently. He's called and looked at cars everywhere east of the Mississippi, some priced thousands over KBB, and none of the dealers will budge. Some have been listed for MONTHS, and some have had their prices actually be raised since he first bookmarked/called the dealers on them. And most have finally sold in the past month or two (although he doesn't know the actual sales price). He had at least two dealers say they were just going to wholesale the car at auction, but they wouldn't take his offers (probably more than they'd get at auction...idiots!). Home prices are definitely dropping around here too.
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2016 2SS Convertible
Hyper Blue/Ash Gray A8 Magnetic Ride Control Dual Mode Exhaust 2019+ version Split Spoke Silver Wheels Navigation Silver Rally Stripes |
11-08-2022, 07:00 PM | #14 | |
Drives: 2022 CT4-V Blackwing Join Date: Sep 2013
Location: Florida
Posts: 2,723
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Quote:
I am still struggling with the fact that a dozen eggs cost me like $7 the other day.
__________________
2002 Corvette Z06 - Black - Sold
2013 Camaro SS 1LE - Black - M6 - Sold 2016 Camaro SS - Mosaic Black - A8 - Sold 2017 C7 Stingray - M7 Coupe - Sold 2019 C7 Grand Sport M7 Vert - Sold 2021 Camaro ZL1 - Black - A10 - Sold 2019 Tesla Model 3 2022 CT4-V Blackwing - M6 |
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