Mustang market

[XakwardX]

I'm thinking of selling my PP2. Immaculate. 5600 miles. I just don't drive it

let me know I’ll be back in va mid October

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[IMadeYouReadThis]

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[s550blk]

Hey guys first time on this forum. I don’t know if this is the place for the topic but I’m in the market for a mustang gt. I originally wanted a 16-17 but the prices right now are pretty bad. For around 3k more I can get a brand new 2021 gt. Do you think the prices will come back to normal? Or should I just get a brand new one.

Buy brand new.
market is still horrible.
You will have more negative equity with a used one then with a new one

 

[circatee]

This 'chip shortage' is causing issues like this. Finding a Mustang is the first thing, then finding the one you want with the specs, well...

All that to say, if you find one that you think you want, probably best to try to purchase it immediately.

I test drove a Mustang around mid-afternoon, a few weeks back, then went home. A few hours later, I contacted my Sales rep to purchase the car, and it was sold. THAT QUICK!

 

[Hi-PO Stang]

According to a report on CNBC on Wednesday , new cars delivered to dealers are sold within 10 days. Basically , the reporter said the new cars are sold as soon as they are unloaded from the transporter. Dealers nationally only have a 26 day supply of vehicles. Those that say dealers have a lot of cars on hand must not have current information. The rapid price increase of used cars has shown up in inflation reports and has caused concern for economists.

 

[LDHunter]

My gf wants to buy a new Tacoma and we went to our local Toyota dealership which is quite large and they had a total of 9 new Toyota vehicles of any type on their lot and NO Tacomas. The salesman said that almost all of the new cars and trucks that are arriving are already sold or will sell in a day or so.

My Ford dealer is having even worse problems. It's crazy. I was so fortunate to get my new 2020 GT Premium 401A because they're essentially unobtanium and they had to buy it from a dealer in South Carolina (I'm in NW Florida).

 

[ICU812]

Everyone say's wait, buy new. order it
Problem with that, OEM's are building less vehicles, all of thier makes and models because they can't get the needed parts.
THE OEM's will need to adjust the msrp sticker price to make up for the lack of volume of sales to the dealers.
Take Ford, they can't push out their best selling vehicle the f-150 because of this.
I think most vehicles models no matter the brand msrp and the factory to dealer pricing is going to have to go up for m.y.2022 to make up for the cut in volume of units built and moved.

 

[Timothy]

Hi Xx, in my recent 1st hand experience looking at cars since end of Feb 21, things look to have leveled off a little but are still not good. That being said, a lot of banks are not willing to loan out the inflated price tags for the older cars as they know the cars are over inflated and do not want to lose out on loans when the cars are not worth it in the end. Thanks Banks know.
That all said, I lucked out with a brandy new one on the showroom floor locally for same price I was gunna lay out for the overly inflated 15. With warranty and piece of mine no one beat the hell out of it before me

Good luck on your search!

Buying a brand new one as soon as you leave the lot price will drop 5-10k so it’s not much a difference

 

[Prymetime1]

Buying a brand new one as soon as you leave the lot price will drop 5-10k so it’s not much a difference

Makes a difference for the banks and lending. Think about a 2015 thats 6 years old with the same depreciation right off the lot. The used market wants 30 to 40k for these cars today. Banks will not lend on the 2015 for 37 k but they will for a 2021 at 46k. The 2015 in reality is only worth 27k. The 2021 is still worth the msrp at 46. Where is there more risk from bank perspective? Again we are in crazy times not seen since the 70s with the used car market.

 

[Jerrycobra]

The market might not stabilize for a while. Gone are the days where you can get a lightly used car for 10K off new. Just to put things in perspective. I got my 2017 GT base PP a month before the shutdown. Car cost me 27K before fees with CPO and under 20K miles. Same car can be sold for easily 35K right now closer to 40K earlier this year, which is pretty much MSRP value for a 4 YEAR OLD car. Might as well like others said buy new or order one, but good luck with getting any meaningful discounts or negotiating room. I really wanted to trade mine for a refreshed 2018+, but can't justify the prices.

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