They were discounting brand new 18’s 6-7k off list like everywhere back in June 18. My car was 41,680 list and bought with trade 34,600. Timing is everything... ;).
Yeah I have seen the values go up... I am also in south Florida. At first it looked like it was a bad time... guess since so many are out of stock it what’s drives the used values up... but I don’t know.I would say they’re holding really strong and depending on the market are overvalued.. great for the seller.
For reference, I paid $29.9 or so for my 16 in latter 2018. It had 5,800mi and is a base, performance package.. security package. Those are about the only options.
While it was more than I wanted to spend (was shooting for $26k or less), the market area (south Florida) pretty much allows the dealer to control the market due to demand.
The others I looked at that were going for less either were non PP cars, higher mileage or had an accident history.
It's typical pre recession stuff, people that can invest in secure assets like real estate and such, do so. It also helps that the credit markets are teetering on the edge trying to get people to borrow, I'm seeing mortgage interest rates as low as 2.6% in my area, which has consistently strong housing demand and low supply. It's created a paradise to sell...anything that's any sort of asset really.It's happening in the housing sector too. There is a lack of new homes so existing house's prices have shot way up. In my area, I have a corner house, so biggest lot on the street. When I bought it 8 yrs ago it had been upgraded and made open and modern. Also has a carport area converted into a Great Room with vaulted ceilings.
3 houses have sold on my street in the past 4 months. All of them 300 less Sq ft, and much smaller yards, for up to 60k more than we paid 8 yrs ago. Damn that I am not ready to sell. Lol
Wife has been monitoring house sales all over the area and it's the same. Existing housing prices have shot up, and a real estate friend of ours told us u should see the bidding wars that now go on for existing houses.