re: Bang for Your Buck: Used Family Vehicle

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It’s time to think about upgrading one of the vehicles due to family size, numbers and literal. Just flabbergasted with the inflation in the vehicle market. I’m scared it could get worse, so I’ll buy on the climb

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This is just an opinion from some guy you don't know on the internet so take it FWIW.

But don't buy right now. If you can possibly wait till December (or better yet next year) then wait.

The used car market went crazy for the last two years but the bubble is going to pop and the early warning signs are already here.

LINK

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At wholesale auctions, used car prices have dropped for seven weeks in a row. This week’s wholesale declines were so steep that the analysts at Black Book said it was reminiscent of declines seen at the start of the pandemic. If wholesale used car prices are dropping so much, why haven’t we seen an equally steep decline in retail prices? Well, we are just starting to.

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The low end luxury car and SUV models may be the most likely to decrease. Especially the luxury cars that idiots with stimulus money went out to buy and now can not afford.