Used Car prices are plunging 1LE 2018 unreal price

Ace01 · 10-14-2018, 07:48 PM

https://www.zerohedge.com/news/2018-...s-are-plunging

Holy Crap! Someone better grab this deal

https://www.vhchevroletnewhall.com/V...-IA/3278848123

I should have waited. Dang.

Ace01 · 10-14-2018, 07:54 PM

Wow another one, https://www.autotrader.com/cars-for-...ckType=listing

https://www.autotrader.com/cars-for-...ckType=listing

Ace01 · 10-14-2018, 08:16 PM

Good for you! Great job!

zr1chris · 10-14-2018, 08:37 PM

Quote:

Originally Posted by smokinzx14r

I"]https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=495827133&zip=29708 &referrer=%2Fcars-for-sale%2Fsearchresults.xhtml%3Fzip%3D29708%26keyword Phrases%3D1LE%26startYear%3D2017%26sortBy%3Dderive dpriceASC%26incremental%3Dall%26engineCodes%3D8CLD R%26firstRecord%3D0%26endYear%3D2019%26modelCodeLi st%3DCAM%26makeCodeList%3DCHEV%26searchRadius%3D0% 26transmissionCodes%3DMAN&startYear=2017&numRecord s=25&firstRecord=0&endYear=2019&modelCodeList=CAM& makeCodeList=CHEV&searchRadius=0&makeCode1=CHEV&mo delCode1=CAM&clickType=listing

[/URL] I paid less than both those cars you listed for my Brand new 2018 SS A8 ..[/QUOTE]

Those are 1LEs though.

Gunkk · 10-14-2018, 08:43 PM

It’s mid October... sports car prices drop like leaves.

Ace01 · 10-14-2018, 08:50 PM

Quote:

Originally Posted by Gunkk

It’s mid October... sports car prices drop like leaves.

More like rocks

zr1chris · 10-14-2018, 08:53 PM

The one for $36k I find to be about right since they are going for about $39k new. The other 18 for $33k I definitely find cheap.

RenegadeXR · 10-14-2018, 09:17 PM

I don't think it's that surprising for a Camaro to lose about $10k in the first year or so of ownership, even if it was kept in perfect shape. It's just the name of the game for this segment. You pay a steep steep price to be the first owner of any sports car.

On top of this, the sports car market is crashing. The Kia Stinger was/is being sold for $10k under MSRP now. You can get a GT for sub $30k.

Chocolate Apocalypse · 10-14-2018, 09:32 PM

The white one is a lemon buyback, silver a 2017, the red....yeah, price looks about right.

torqueaddict · 10-14-2018, 10:24 PM

Can't really know for sure how good the deal is until you do some digging, especially when the prices look too good to be true.

Chazzz · 10-15-2018, 01:20 AM

If you think used Camaro prices are low now just wait a few more months. Rest assured however that values will spike back up in the spring of 2019, reaching maximum peak values around Memorial Day and holding fairly steady through the July 4 holiday, when the declines start all over again. Just the nature of the beast.....

Bumbleboy92 · 10-15-2018, 02:13 AM

This is the perfect time that I was hoping for.

Love the car and hoping to get a 6th gen in the coming months

Ace01 · 10-15-2018, 05:10 AM

Quote:

Originally Posted by Chocolate Apocalypse

The white one is a lemon buyback, silver a 2017, the red....yeah, price looks about right.

Great job finding out the lemon buyback. How did you look that up?

JaxChris · 10-15-2018, 05:53 AM

Prices are going to fluctuate with incentives for new models and changes in interest rates or loan programs.

GM hasn't done 0% financing with incentives since the start of the year (since then only 1k off plus 0% for 60). Interest rates are climbing faster than new models can hit the lots. Sales are trending downward beyond seasonal expectations. And production runs are being shortened. GM is already looking at eliminating more shifts across their US plants due to the macro factors stifling auto sales.

I actually don't think those prices are out of line, that were posted for used vehicles. The 2016 SS can be had for 30k, the 2017 for 32k and 2018 for 34k. They lose 10k at the end of their first year and a couple grand each year after that. By 2020, when 2021 models are selling, the 2016's will be available for close to 25k and nobody will be surprised. Even the 2017 ZL1's will be available for 38-40k at that time.

The unicorn of used car deals would be a CPO ZL1 that's 3 years old for 42-45k with under 30k miles. The bang for buck ratio and 36/70k remaining powertrain warranty will be a true bargain when you look at how fast inflation is jacking up vehicle TCO.

10-14-2018, 07:48 PM	#1
Ace01 Drives: 2018 1LE SS "Silver Bullet" Join Date: Jun 2016 Location: Charlotte Posts: 619	Used Car prices are plunging 1LE 2018 unreal price https://www.zerohedge.com/news/2018-...s-are-plunging Holy Crap! Someone better grab this deal https://www.vhchevroletnewhall.com/V...-IA/3278848123 I should have waited. Dang. __________________ Silver Bullet 1LE SS

10-14-2018, 07:54 PM	#2
Ace01 Drives: 2018 1LE SS "Silver Bullet" Join Date: Jun 2016 Location: Charlotte Posts: 619	Wow another one, https://www.autotrader.com/cars-for-...ckType=listing https://www.autotrader.com/cars-for-...ckType=listing __________________ Silver Bullet 1LE SS

10-14-2018, 08:16 PM	#3
Ace01 Drives: 2018 1LE SS "Silver Bullet" Join Date: Jun 2016 Location: Charlotte Posts: 619	Good for you! Great job! __________________ Silver Bullet 1LE SS

10-14-2018, 09:17 PM	#8
RenegadeXR Drives: 2011 Camaro SS Join Date: Apr 2013 Location: North Carolina Posts: 1,849	I don't think it's that surprising for a Camaro to lose about $10k in the first year or so of ownership, even if it was kept in perfect shape. It's just the name of the game for this segment. You pay a steep steep price to be the first owner of any sports car. On top of this, the sports car market is crashing. The Kia Stinger was/is being sold for $10k under MSRP now. You can get a GT for sub $30k. __________________ Disclaimer: Unless specific sources are cited, all of the above is my subjective opinion. No warranties, expressed or implied, are granted. This is a car forum, after all.

10-14-2018, 09:32 PM	#9
Chocolate Apocalypse Full Fledged Member Drives: '18 1SS 1LE Join Date: Mar 2008 Location: Las Vegas Posts: 346 View My Garage	The white one is a lemon buyback, silver a 2017, the red....yeah, price looks about right. __________________ '18 1SS 1LE - DD '72 Cutlass - LSA topped 370" LS2

10-14-2018, 08:43 PM	#5
Gunkk Thank you Al Oppenheiser! Drives: Red Hot A10 ZL1 Convertible Join Date: Jun 2017 Location: Sarasota, FL Posts: 4,974 View My Garage	It’s mid October... sports car prices drop like leaves.

10-14-2018, 08:53 PM	#7
zr1chris Drives: 2018 Camaro 1SS/1LE Join Date: Feb 2015 Location: Port Saint Lucie FL Posts: 1,224	The one for $36k I find to be about right since they are going for about $39k new. The other 18 for $33k I definitely find cheap.

10-14-2018, 10:24 PM	#10
torqueaddict Drives: Tesla M3 LR-AWD [Former 1SS owner] Join Date: Jan 2018 Location: Miami Posts: 950	Can't really know for sure how good the deal is until you do some digging, especially when the prices look too good to be true.

10-15-2018, 01:20 AM	#11
Chazzz Drives: 2018 1LT RS V6 A8 Convertible Join Date: Sep 2017 Location: USA Posts: 497	If you think used Camaro prices are low now just wait a few more months. Rest assured however that values will spike back up in the spring of 2019, reaching maximum peak values around Memorial Day and holding fairly steady through the July 4 holiday, when the declines start all over again. Just the nature of the beast.....

10-15-2018, 02:13 AM	#12
Bumbleboy92 Long hauler Drives: 2022 Camaro 2SS 1LE Join Date: Mar 2017 Location: Houston, TX Posts: 1,617 View My Garage	This is the perfect time that I was hoping for. Love the car and hoping to get a 6th gen in the coming months

10-15-2018, 05:53 AM	#14
JaxChris Drives: '16 2SS GD1 MX0 NPP F55 IO6 Join Date: Jun 2013 Location: Florida Posts: 1,298	Prices are going to fluctuate with incentives for new models and changes in interest rates or loan programs. GM hasn't done 0% financing with incentives since the start of the year (since then only 1k off plus 0% for 60). Interest rates are climbing faster than new models can hit the lots. Sales are trending downward beyond seasonal expectations. And production runs are being shortened. GM is already looking at eliminating more shifts across their US plants due to the macro factors stifling auto sales. I actually don't think those prices are out of line, that were posted for used vehicles. The 2016 SS can be had for 30k, the 2017 for 32k and 2018 for 34k. They lose 10k at the end of their first year and a couple grand each year after that. By 2020, when 2021 models are selling, the 2016's will be available for close to 25k and nobody will be surprised. Even the 2017 ZL1's will be available for 38-40k at that time. The unicorn of used car deals would be a CPO ZL1 that's 3 years old for 42-45k with under 30k miles. The bang for buck ratio and 36/70k remaining powertrain warranty will be a true bargain when you look at how fast inflation is jacking up vehicle TCO.

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