... [+]There’s good and bad news for used-car shoppers. The good news is that used-vehicle prices are finally beginning to soften, dropping by an average $500 per unit in October to around $31,000, according to J.D. Power Valuation Services. Unfortunately, that’s still $1,000 more than at this point a year ago, and a whopping $8,000 higher than in pre-pandemic 2019.
For the sake of the uninitiated, new-vehicle shortages over the past two years have sent a disproportionate number of shoppers to the pre-owned side of the market out of sheer necessity, with the added demand decimating dealer inventories, and triggering stratospheric price increases. At that, used-car prices remain sky-high, with supply and demand-related inflation jacking up the transaction prices of some well-used models beyond reason. The most eye-popping of the bunch is the iconic Porsche 911 sports car, which after three years on the road is selling for 5.7 percentthan its original sticker price, which amounts to an increase of $11,373.
Here are the resale value champs among three-year old pre-owned vehicles that are worth more than when they were factory fresh, according to iSeeCars.com data:
That’s made up BS . Anyone who overpays for a high mileage vehicle should stop . I’m seeing 200,000 mile vehicles selling for $30-$40 thousand dollars. It’s not worth it .
Calculated in $year-of-make?
But this is routine wisdom 😂
I own two of the 14 911 996's that were built in 1997. Still not going up in price though and getting close to 25 years old.
Nicely
So is ROLEX
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