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Are used car prices rising?
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Posted 4/7/2021 07:33 (#8937593 - in reply to #8937481)
Subject: RE: Are used car prices rising?

Thumb of Michigan
HuskerJ - 4/7/2021 06:20

Cars, pickups, ATVs, UTVs, Jet Skis, Snowmobiles, canoes, kayaks, etc are all up, IF you can find them.

We were talking about getting kayaks for a couple years, waiting for the kids to get a little bigger. Last year with Covid, we decided to get a couple. In the past, stores everywhere would have them available, usually several to choose from. Not last summer. Ordered a couple from a store that wasn't price gouging, and it took 2 1/2 months. 2-4 weeks at the places that were price gouging.
My old 1999 ATV died in February. Ordered a new one from a dealer that didn't price gouge. Showed up 2 weeks ago. Could have sold it for $700 profit in the parking lot of the dealership. Called 4 different dealers, and only found ONE used ATV that was cheaper than I gave for my new one. Know of one dealer pricing ATVs out at full list, plus $150 setup, plus $150 destination charges, plus paperwork fees, and even they are sold 2 weeks out.
A year ago in February, our local dealer had something like 20 used units on hand.

You can add trailers to the list. I ordered an enclosed trailer (and paid cash for), early last December. Was supposed to be manufactured in March, hasn't even been scheduled for production yet. Dealer checked, on scheduled production list, it goes to 6-14. 6-14 is a day for another trailer of his that was ordered and paid for o 9-23-20. So I'm looking at a late summer build on mine. That's the bad news, the good news I can sell it for more than I paid for it. Inflation is a coming, reminds me of a time about 40 years ago.
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