6th Gen Prices on the Rise? - Page 2

Gunkk · 03-28-2021, 09:40 AM

Quote:

Originally Posted by Memphis SS

Prices on most all used cars are going up because of limited availability of new cars.

+1

This.

RealG · 03-28-2021, 01:11 PM

Inflation raises all prices. On everything.

Trak-Toy · 03-28-2021, 01:23 PM

Inflation is coming in a big way.. the Govt cannot print this much money to flood the market with cash without inflation. The way you offset inflation is lower interest rates... well,,, they are pretty much bottomed out now... so the other way to try and offset this is raise taxes.. they will get creative in how they do this, but it’s coming. It has to. We will all pay for this. And our Camaro’s will go up in price, but that is a smoke screen... the value of the dollar is descending so it offsets any gains you had in appreciation.

redcoats1976 · 03-28-2021, 01:40 PM

this.those of us living on a fixed income(retired) will be fvcked.

DaveC113 · 03-28-2021, 01:40 PM

Lol, there are many other considerations besides inflation such as the shortage of new cars and how expensive new cars have become. People are spending stupid $ used, to the point new cars are far better deals. I can't imagine saving a few grand over new for a 2-3 year old car, it's crazy.

However, there are so many ripple effects of covid related shortages of both products and services, for example microchips and shipping containers and workers. This is causing an inflationary reaction, but it's not traditional inflation.

IMO, cryptocurrencies are making things worse as it's also a competitor to government bonds, it's like taking a short position against the entire USA. It's also an environmental and ethical disaster, but in any case the rush to crypto and alternate stores of wealth, and any activity based on the fear of inflation is only going to cause inflation. Printing money is only going to matter if people think it will. There is massive amounts of US currency stored outside the US, so much so that simple release of existing currency is as much of an issue. But it's fiat, it really doesn't matter at all. All that matters is you value the money, that we all agree to value the money. IMO, it's in all our best interest to continue to value our own currency.

Trak-Toy · 03-28-2021, 03:50 PM

Inflation is more significant in this context because in order to combat it, productivity needs to increase significantly. We cannot be a purely consumer based system and hope to avoid significantly rising costs. We need to be more focused on being producers to keep this in check. In other words, being big spenders (stimulus money) and high producers is the best case scenario.. being big spenders and purely consumers is a terrible situation for our economy. COVID-19 significantly impacted production and effectively halted it in some cases. That’s bad news.

What’s kept this in check so far is that people have largely been conservative with their money because of uncertainty. That will change as COVID-19 continues to drop. Once that money starts getting spent in larger volume, that will accelerate the function of inflation. In other words, lots of people with money to spend will compete for the limited availability of goods (low production) and prices will soar for these limited resources.

Inflation is coming. How bad it will affect us all is to determined. Expect some significant boom/bust cycles in the future as this ride gets bumpy as the Fed desperately tries to settle this down over the next 5-10 years.

Realist · 03-28-2021, 04:02 PM

Between the GM UAW strike in late 2019 and covid in 2020, GM dealers haven’t had near the inventory. In late 2018 when looking daily nationwide on Cars.com sorting only for 2017, 2018, ZL1, coupe, manual, photos only, there would be 300 to 400 to check out. Same sort shows 69 today that includes 2019,2020 and 2021’s now. Our local GM dealers haven’t had any decent optioned 2500 pickups for nearly a year now. It’s slim pickings for sure.

I wasn’t pondering selling my ZL1 at all, I luv the car and can afford. Thursday night it popped into my head to check kbb price as well. With limited free time, no longer traveling to work and possibly 2 property sales this or next year, I’m not see much time to enjoy the car how I planned. So tomorrow I may swing by the dealer that made an offer to show them the condition.

As far as crypto, I love it for a number of reasons. Yes bitcoin does use lots of power to mine but some crypto’s don’t and are actually greener compared to paper currency.

TP2SS · 03-28-2021, 05:55 PM

Wow, mine showing $35-39k private party and $34-37.5k trade in on KBB right now! More than I paid for it 16 months ago!

Flowtie1 · 03-28-2021, 06:41 PM

I googled 2017 camaro zl1 for sale. They were all between 54k and 60k. A lot more than I paid 18 months ago

CamaroSSStlfan · 03-28-2021, 06:45 PM

Quote:

Originally Posted by Realist

Between the GM UAW strike in late 2019 and covid in 2020, GM dealers haven’t had near the inventory. In late 2018 when looking daily nationwide on Cars.com sorting only for 2017, 2018, ZL1, coupe, manual, photos only, there would be 300 to 400 to check out. Same sort shows 69 today that includes 2019,2020 and 2021’s now. Our local GM dealers haven’t had any decent optioned 2500 pickups for nearly a year now. It’s slim pickings for sure.

I wasn’t pondering selling my ZL1 at all, I luv the car and can afford. Thursday night it popped into my head to check kbb price as well. With limited free time, no longer traveling to work and possibly 2 property sales this or next year, I’m not see much time to enjoy the car how I planned. So tomorrow I may swing by the dealer that made an offer to show them the condition.

As far as crypto, I love it for a number of reasons. Yes bitcoin does use lots of power to mine but some crypto’s don’t and are actually greener compared to paper currency.

Why is GM so bean counting for when it comes to production, and even incentives as well?

Ford and Dodge keep plenty of inventory. Except my local ford dealers because the old folks down here want big cars and trucks to get in and out of easier.

But when I went online last year looking before I got my SS the dealers had more Scatpacks and Mustang GTs to buy versus the Camaro.

IMO Chevy really doesn't care much about the Camaro, Low production numbers and horrible incentives. It's more of a niche car for them.

Ford and Dodge put a lot more effort into their performance car segments.

LateBrakeU2 · 03-28-2021, 07:41 PM

There's a bubble right now,low supply and a chip shortage production will be limited. I just sold my 1LE for full asking price,and had backup offers. Bubbles don't last it happened last year too.

ember1205 · 03-28-2021, 07:52 PM

Those numbers provide zero useful data as to how they were arrived at. Is it based on listings? Trim levels? Coupe vs. convertible? How are they arriving at the numbers?

Chevelle vs Camaro · 03-28-2021, 08:58 PM

Quote:

Originally Posted by CamaroSSStlfan

Why is GM so bean counting for when it comes to production, and even incentives as well?

Ford and Dodge keep plenty of inventory. Except my local ford dealers because the old folks down here want big cars and trucks to get in and out of easier.

But when I went online last year looking before I got my SS the dealers had more Scatpacks and Mustang GTs to buy versus the Camaro.

IMO Chevy really doesn't care much about the Camaro, Low production numbers and horrible incentives. It's more of a niche car for them.

Ford and Dodge put a lot more effort into their performance car segments.

Camaro doesn’t sell well as the Challenger’s and GT’s. Alot less so a dealer buys it they may not sell it. Not a problem for dealers of other two.

Sent from my iPhone using Tapatalk

TheWiseWolf · 03-28-2021, 11:50 PM

I hate this so much

Back in 2019 I had the chance to get a new 2018 2SS with all the features I wanted. It was the perfect model but I thought I could have gotten a better deal on a used 2017 model that was going for 32K starting. The new one starting at $35,999.

The used got sold and the new one got sold right after.

I would do anything to go back and tell myself to just buy the damn new car.

Been search ever since but to no avail. Now the used ones that are similar to the used ones in the past are ranging middle 30K range or high 30K. I found one with similar features but with no MRC with a dealer but he was selling it for 36K. Offered the dealer for 33K OTD. Told me "Thanks for the reply. Good luck."- Sincerely, douche bag sales rep and never emailed me back..... got sold two weeks later.

Thinking I should just get a mustang......

03-28-2021, 01:40 PM	#19
DaveC113 Drives: 2018 Camaro 1SS 1LE Join Date: Sep 2018 Location: Front Range, CO Posts: 2,205	Lol, there are many other considerations besides inflation such as the shortage of new cars and how expensive new cars have become. People are spending stupid $ used, to the point new cars are far better deals. I can't imagine saving a few grand over new for a 2-3 year old car, it's crazy. However, there are so many ripple effects of covid related shortages of both products and services, for example microchips and shipping containers and workers. This is causing an inflationary reaction, but it's not traditional inflation. IMO, cryptocurrencies are making things worse as it's also a competitor to government bonds, it's like taking a short position against the entire USA. It's also an environmental and ethical disaster, but in any case the rush to crypto and alternate stores of wealth, and any activity based on the fear of inflation is only going to cause inflation. Printing money is only going to matter if people think it will. There is massive amounts of US currency stored outside the US, so much so that simple release of existing currency is as much of an issue. But it's fiat, it really doesn't matter at all. All that matters is you value the money, that we all agree to value the money. IMO, it's in all our best interest to continue to value our own currency. __________________

03-28-2021, 05:55 PM	#22
TP2SS Drives: 2016 2SS Convertible Join Date: Dec 2019 Location: SE Michigan Posts: 587	Wow, mine showing $35-39k private party and $34-37.5k trade in on KBB right now! More than I paid for it 16 months ago! __________________ 2016 2SS Convertible Hyper Blue/Ash Gray A8 Magnetic Ride Control Dual Mode Exhaust 2019+ version Split Spoke Silver Wheels Navigation Silver Rally Stripes

03-28-2021, 06:41 PM	#23
Flowtie1 Drives: 2017 ZL1 Join Date: Apr 2020 Location: South florida Posts: 332	I googled 2017 camaro zl1 for sale. They were all between 54k and 60k. A lot more than I paid 18 months ago __________________ 2017 ZL1 M6 Silver Ice Metallic

03-28-2021, 01:11 PM	#16
RealG Drives: 2024 2SS Join Date: Dec 2013 Location: SoCal Posts: 602	Inflation raises all prices. On everything.

03-28-2021, 01:23 PM	#17
Trak-Toy Drives: 2023 SS 1LE Join Date: Mar 2020 Location: Virginia Posts: 271	Inflation is coming in a big way.. the Govt cannot print this much money to flood the market with cash without inflation. The way you offset inflation is lower interest rates... well,,, they are pretty much bottomed out now... so the other way to try and offset this is raise taxes.. they will get creative in how they do this, but it’s coming. It has to. We will all pay for this. And our Camaro’s will go up in price, but that is a smoke screen... the value of the dollar is descending so it offsets any gains you had in appreciation.

03-28-2021, 01:40 PM	#18
redcoats1976 Drives: LT W/2LT,blue metallic Join Date: Jul 2016 Location: central florida Posts: 5,043	this.those of us living on a fixed income(retired) will be fvcked.

03-28-2021, 03:50 PM	#20
Trak-Toy Drives: 2023 SS 1LE Join Date: Mar 2020 Location: Virginia Posts: 271	Inflation is more significant in this context because in order to combat it, productivity needs to increase significantly. We cannot be a purely consumer based system and hope to avoid significantly rising costs. We need to be more focused on being producers to keep this in check. In other words, being big spenders (stimulus money) and high producers is the best case scenario.. being big spenders and purely consumers is a terrible situation for our economy. COVID-19 significantly impacted production and effectively halted it in some cases. That’s bad news. What’s kept this in check so far is that people have largely been conservative with their money because of uncertainty. That will change as COVID-19 continues to drop. Once that money starts getting spent in larger volume, that will accelerate the function of inflation. In other words, lots of people with money to spend will compete for the limited availability of goods (low production) and prices will soar for these limited resources. Inflation is coming. How bad it will affect us all is to determined. Expect some significant boom/bust cycles in the future as this ride gets bumpy as the Fed desperately tries to settle this down over the next 5-10 years.

03-28-2021, 04:02 PM	#21
Realist Drives: 69 Project X2 & 80 Project Camaro Join Date: Apr 2013 Location: Chitown Burbs/SW MI Posts: 1,182	Between the GM UAW strike in late 2019 and covid in 2020, GM dealers haven’t had near the inventory. In late 2018 when looking daily nationwide on Cars.com sorting only for 2017, 2018, ZL1, coupe, manual, photos only, there would be 300 to 400 to check out. Same sort shows 69 today that includes 2019,2020 and 2021’s now. Our local GM dealers haven’t had any decent optioned 2500 pickups for nearly a year now. It’s slim pickings for sure. I wasn’t pondering selling my ZL1 at all, I luv the car and can afford. Thursday night it popped into my head to check kbb price as well. With limited free time, no longer traveling to work and possibly 2 property sales this or next year, I’m not see much time to enjoy the car how I planned. So tomorrow I may swing by the dealer that made an offer to show them the condition. As far as crypto, I love it for a number of reasons. Yes bitcoin does use lots of power to mine but some crypto’s don’t and are actually greener compared to paper currency.

03-28-2021, 07:41 PM	#25
LateBrakeU2 Drives: 15 RH Z/28, 23LT1VOM Join Date: Dec 2012 Location: So Cal Posts: 842	There's a bubble right now,low supply and a chip shortage production will be limited. I just sold my 1LE for full asking price,and had backup offers. Bubbles don't last it happened last year too.

03-28-2021, 07:52 PM	#26
ember1205 Hot Camaro Drives: '20 2SS Convertible 6MT Join Date: May 2020 Location: CT Posts: 3,682	Those numbers provide zero useful data as to how they were arrived at. Is it based on listings? Trim levels? Coupe vs. convertible? How are they arriving at the numbers?

03-28-2021, 11:50 PM	#28
TheWiseWolf Drives: Camaro Join Date: Jun 2015 Location: Virginia Posts: 138	I hate this so much Back in 2019 I had the chance to get a new 2018 2SS with all the features I wanted. It was the perfect model but I thought I could have gotten a better deal on a used 2017 model that was going for 32K starting. The new one starting at $35,999. The used got sold and the new one got sold right after. I would do anything to go back and tell myself to just buy the damn new car. Been search ever since but to no avail. Now the used ones that are similar to the used ones in the past are ranging middle 30K range or high 30K. I found one with similar features but with no MRC with a dealer but he was selling it for 36K. Offered the dealer for 33K OTD. Told me "Thanks for the reply. Good luck."- Sincerely, douche bag sales rep and never emailed me back..... got sold two weeks later. Thinking I should just get a mustang......

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