[Chevyboss89]

Just curious what other people are seeing/thinking across the country


I’ve been seeing this past week a significant change in the used car market - seems like prices are down by about 5-7% from the last 10 days alone, and no sale cars pilling up at auctions with from an accelerated amount of repos.

Is anyone worried about taking delivery on a new Camaro at MSRP, and then getting so far upside down on it in the next few months??

[KorryB]

Nope. That literally isn't even a thought.

[Melon]

A few things. (just my opinion)

It's going to take well over a year before new car production meets demand enough to make a difference. Used cars are going down, which is good, cars that are MORE than new that are used is ridiculous.

It's also the last few years of production for a gas powered Camaro, using the SS (Although lower production) as a base, they're selling for more than new, and that was even pre-covid.

Ultimately a car is a depreciating asset, keep that in mind, don't finance beyond your means and you'll do fine.

[raptor5244]

I haven't seen it soften yet in my area. I think it may have peaked but I am not seeing much of a drop yet. As supply starts to improves I would expect to see the ADMs start to disappear. Camaros are in an interesting position though. If you want a V8 performance car from GM in the $40-50k range you only have one option and its days are numbered. You have the C8 but you are talking $64k for a base car, more like $80k MSRP for the more popular 2LT Z51 and no manual option.

That said, I think demand for the Camaro will remain strong for a bit and supply will be low, which should keep prices relatively high. Don't forget the 2023 price increase of $1,800 - $3,700 depending on the model.

[ACESHI]

All V8 powered 2 door sports cars are becoming relics. Get a brand new one while you can. They are about to be extinct

[lownslowss]

Going "upside down" after a few months? Put a good enough downpayment to where that won't be an issue.

[Blackdevil77]

That’s why I won’t pay over msrp. Either way, a car shouldn’t be an investment. It’s a toy. Buy it, enjoy it and don’t think about that sort of thing.

[B84GTX]

July car sales:
Mazda down -28.5% YOY
Honda down -47.4% YOY
Acura -59.1% YOY

Fresh news as of today.

[LeonardS]

Originally Posted by B84GTX

July car sales:
Mazda down -28.5% YOY
Honda down -47.4% YOY
Acura -59.1% YOY

Fresh news as of today.

And I wouldn’t buy any of them. Apparently others feel the same way

[JBones81]

Originally Posted by ACESHI

All V8 powered 2 door sports cars are becoming relics. Get a brand new one while you can. They are about to be extinct

exactly why I just bought a 22 zl1 manual. That is going to be in a lot of demand in a decade. I didnt buy it as an investment, that's for sure, but I wanted to get in while I still could.

[Green Machine]

Before covid you devalued the car as soon as you signed the paperwork. The last couple years have been quite interesting for the car market. I'm hoping it doesn't change too much before I can trade in my car on the new Camaro. Right now the market says my trade in is more than what I paid for the car new a year ago. Breaking even would be great though.

[Kblanton2]

Looking around at some used cars near me. Camaro ZL1 with 2000 to 6000 miles. 2021 or 2022. $6000.00 to $8000.00 over MSRP.

2019 nearby with 21,000 miles. For sale $4000.00 over original sticker.

These dealers are linking the original window stickers in the ads is how I know.

Crazy. Had a nearby dealership email me offering a buy-back on my new 2022. Offer is $5000.00 over what I paid and it only has 3500 miles in less than 6 months.

[22SS1LE]

yea around me it cost more to buy used than new.
I am seeing 2018 1SS Camaros with asking price of 43k
2017 Mustang GT base with original sticker of 35 asking price is 33 with 36k miles on it

[Zr8000]

Originally Posted by LeonardS

And I wouldn’t buy any of them. Apparently others feel the same way

Gm was down 40% and ford was some where around that as well.