[ALMN]

Hi guys just realized that brand new and used camaro prices are going down. Most of the brand new cars are listed below MSRP. I m guessing its the high oil/fuel prices to blame Any other thoughts?

[raptor5244]

I have seen a drop in used prices of Tesla as well so I am not sure it is all tied to the price of oil. Carvana was offering $40k for our 2019 Tesla Model 3 about 2 months ago, now the offer is $34,800. Others on the Tesla forums are seeing the same. I think the used car prices have peaked and are starting to come down, which means new car prices should do the same. I think we will still see MSRP as the norm for a while since inventories are still low but markups should begin to dissipate.

[ST1LE]

I started seeing the price drops this week too. Used ZL1s are still wildly overpriced but it does seem like a shift in the market is occurring. Maybe the fools that overpay all already have their cars.

[LT1gen6]

There was a run on toilet paper when many panic bought. The car purchase panic, contributing to "bare shelves," is now tempered by war and inflation. Cars are commodities, with prices constantly fluctuating at whatever whim of the buy/sell moment. Same as it ever was. .

[armycop71]

It's just a tactic to get you in the door. They are just posting the prices minus rebates and employee pricing you may not qualify for. There may be a trend of downward prices due to gas prices rising, but I don't see huge discounts happening this year.

[Realist]

I have seen price drops on most vehicles recently. Spring is practically here, tax refunds and track days will create enough demand to pick up what little new Camaro inventory is out there, if any. With inflation, gas prices and world events putting more pressure on our economy it makes things interesting but concerning.

[Aragorn]

Off topic a bit , but this one is on Craigslist right now.

2021 Corvette Z51 2LT 2,700 mi No Sales Tax - $105,000 (TUCSON)

[Jeb114]

If this continues with gas prices v8 used car prices will tank and quickly. in the mid 70's you couldn't give a v8 car away and dealers stopped taking them in as trades. There is going to be a price point for gas were people will panic and v8 cars will flood the market and it will be 1974 all over again. Watch the TV commercial's for cars for the past week are all EV's from every maker.

[N Camarolina]

Originally Posted by Jeb114

If this continues with gas prices v8 used car prices will tank and quickly. in the mid 70's you couldn't give a v8 car away and dealers stopped taking them in as trades. There is going to be a price point for gas were people will panic and v8 cars will flood the market and it will be 1974 all over again. Watch the TV commercial's for cars for the past week are all EV's from every maker.

We're in a different era now. The average vehicle is not powered by a V8 or highly inefficient engine like was the case in the 70s. And if high gas prices frighten consumers, it likely won't be from V8 Camaros (we new what we were getting into-great gas mileage was never the goal); It will be from (less than really efficient) SUVs, to electric vehicles.

[NotFast]

Do people really decide to buy a Camaro or other fun V8 'toy' on current gas prices?

[TXCSSU]

Originally Posted by ST1LE

I started seeing the price drops this week too. Used ZL1s are still wildly overpriced but it does seem like a shift in the market is occurring. Maybe the fools that overpay all already have their cars.

ZL1s are most likely going to keep a little more of their value as they are generally picked up by collectors that will store them. Other cars are most likely bought as daily drivers and people are really wanting to dump them for something less expensive. What gets me about these derps is that you're supposed to BUY when it's low and SELL when it's high. I would be tempted to buy now low, put it away, and then once GM has stated that the 202x Camaro is going to be an EV, sell the car that I bought low for a high markup. "Low mileage 6speed unicorn Camaro for sale, only $70K!"

Originally Posted by Jeb114

If this continues with gas prices v8 used car prices will tank and quickly. in the mid 70's you couldn't give a v8 car away and dealers stopped taking them in as trades. There is going to be a price point for gas were people will panic and v8 cars will flood the market and it will be 1974 all over again. Watch the TV commercial's for cars for the past week are all EV's from every maker.

[Chazzz]

For the first time in 6 months used car prices in general started dropping in February. Used car inventories are up overall as dealers prepared for the traditionally high selling spring and tax season. In the long term prices are expected to remain high for now but experts expect used car prices to drop 20%-30% sometime in the months after October 2022 ahead of when new car production should begin recovering toward the end of the year. So while auction prices have started falling a bit for now it may be short lived as demand remains very high. Let’s see how the current world events and out of control inflation and gas prices plays into their predictions ...

[ST1LE]

Originally Posted by TXCSSU

ZL1s are most likely going to keep a little more of their value as they are generally picked up by collectors that will store them. Other cars are most likely bought as daily drivers and people are really wanting to dump them for something less expensive. What gets me about these derps is that you're supposed to BUY when it's low and SELL when it's high. I would be tempted to buy now low, put it away, and then once GM has stated that the 202x Camaro is going to be an EV, sell the car that I bought low for a high markup. "Low mileage 6speed unicorn Camaro for sale, only $70K!"[/IMG]

You're right, with only 2 more model years left the ZL1 prices won't come down, at least not the ones with relatively low miles.

That's the part I don't get either. Being in a situation where you have to buy a car in this market would suck, but nobody NEEDS a Camaro, especially not a marked up used one.

[Need4Camaro]

Originally Posted by NotFast

Do people really decide to buy a Camaro or other fun V8 'toy' on current gas prices?

I have 2 other cars, I’m still comfortably driving my SS @ $4.50 for premium.