[Giri]

Hey Guys,

I got to thinking today and I'm kind of POed about the depreciation on our cars. Sure, cars are not an investment... I didn't buy the car for anything but the fact that it's amazing to drive. That being said it bugs me that you can buy my exact car for $21k now.

I don't want to sell my car but it annoys me.

What's the expected depreciation on the cars? Will it rebound once the 20% off deals stop? What do we expect the value to be at 1 year / 3 years / 6 years (when some of our cars are paid off)

How does this compare to other cars?

[VCSRT]

I feel GM's problem with the Camaro was supply vs demand, the Camaro was projected to hold its value quite well, but as you can see its not.

http://www.kbb.com/new-cars/best-res...e-top-10-cars/

I wish every car was like a WRX or Jeep Wrangler, but alas...

[FNxR3DNECK]

Originally Posted by VCSRT

I feel GM's problem with the Camaro was supply vs demand, the Camaro was projected to hold its value quite well, but as you can see its not.

http://www.kbb.com/new-cars/best-res...e-top-10-cars/

I wish every car was like a WRX or Jeep Wrangler, but alas...

But based off of that link the LT Camaros are #1 resale value for Sports Cars so I'd say it could be much worse.

Projected 49% at 5 years, that's pretty dang good, my 2012 2SS is getting traded in at about 40% at about 5 years old so you should be better off than me haha

[raptor5244]

Typically residual is about 50-55% of Msrp after 3 years.

[Giri]

but is 49% at 5 years or even 50% at 3 years a remote possibility? We're looking at at 35-40% drop in value right off the lot right now.

Example in point: Bought my car in May for 28.5 + taxes and stuff. I'm looking at $19k in value at most right now?

All I can say is thank god I love my car and don't want to sell it. I'd be screwed otherwise.

[VCSRT]

Originally Posted by FNxR3DNECK

But based off of that link the LT Camaros are #1 resale value for Sports Cars so I'd say it could be much worse.

Projected 49% at 5 years, that's pretty dang good, my 2012 2SS is getting traded in at about 40% at about 5 years old so you should be better off than me haha

2017's are down 17.5% on the lot now, I can understand why the 2012 lost more value, as it seems to happen with every new generation released, which is why I wan't out my situation. I'm still trying to decide if buying a depreciating rock and keeping it is how I want to roll lol.

[TMasticTB91]

First year always has a huge depreciation hit. Past that it's anyone's guess. I mean who knew that the FJ Cruiser would have such a high resell value!


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[camaromatt.s]

These cars depreciate like crazy. I bought my 2SS for 25% off of MSRP with the full expectation that in 3-5 years it will have dropped in value another 10-15K.

It would be nice if they maintained most of their value, but there's a price to pay for owning the shiny new Camaro. As with anything, you need to look at the cost of owning over your desired timeframe and then decide if it's worth it to you.

[WhyUMad1LE]

Originally Posted by VCSRT

I feel GM's problem with the Camaro was supply vs demand, the Camaro was projected to hold its value quite well, but as you can see its not.

http://www.kbb.com/new-cars/best-res...e-top-10-cars/

I wish every car was like a WRX or Jeep Wrangler, but alas...

I think with the 2016 Camaro, GM was expecting sales to be like the 5th gen. However demand dropped due to the significantly higher price (how did they not account for this?), so now they have the 20% rebate to get rid of the 16s and made production cutbacks for 2017.

[VCSRT]

Originally Posted by TMasticTB91

First year always has a huge depreciation hit. Past that it's anyone's guess. I mean who knew that the FJ Cruiser would have such a high resell value!


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Its only competition was the Wrangler..

Originally Posted by WhyUMad1LE

I think with the 2016 Camaro, GM was expecting sales to be like the 5th gen. However demand dropped due to the significantly higher price (how did they not account for this?), so now they have the 20% rebate to get rid of the 16s and made production cutbacks for 2017.

I hope they make even more cutbacks for 2018 MY. Price, and design probably didn't help. I may try another Hail Mary, I came $500 close to hitting the last one, but GM's don't really like giving you market price for your trade, and selling a new vehicle for $3k off at the same time lol...

[kasperdsmk]

All of GMs cars have horrible resale value.. minus corvettes... if you want resale value buy a honda (only car ive seen you can buy brand new for 22k and sell in 3 or 4 years for 19 or 20K)

[VCSRT]

Originally Posted by kasperdsmk

All of GMs cars have horrible resale value.. minus corvettes... if you want resale value buy a honda (only car ive seen you can buy brand new for 22k and sell in 3 or 4 years for 19 or 20K)

If they would cut production numbers, which I'm sure they are with the layoffs it wouldn't be so bad. You can't keep pumping out the same amount of product when demand is at its biggest low since 2007 and expect growth.

[kasperdsmk]

Originally Posted by VCSRT

If they would cut production numbers, which I'm sure they are with the layoffs it wouldn't be so bad. You can't keep pumping out the same amount of product when demand is at its biggest low since 2007 and expect growth.

The only problem is the factory doesn't really care how many units are sold until dealers stop buying them...by then its to late, they rather just put incentives on them and continue to pump out cars.

[formoutofchaos]

How do you think the 1le will hold over three years ? The deprecation makes me want to go back to a C7