Had the Tundra for 3 weeks now and prices on the used ones have jumped about 2-3k from where they were when I was shopping.
I know new Tundras are in low supply so I guess that could be driving it. Looks like I bought at a solid time.

I bought an American made aluminum trifold bed over and they are $100 more expensive and the tires I bought are now $32 more a tire.

Toyota's main website says that there are no new Tacomas in my region. No new cars, used go up.

everything is going up. Food seems much higher now. SD Ammo too.

quote:

Originally posted by radioman:
everything is going up. Food seems much higher now. SD Ammo too.

Everything is more expensive. Inflation due to the ultra-low interest rates. The cost of doing business due to all of the additional covid requirements. The supply chains being interrupted in many manufacturing segments due to plant closings, or reduced employees due to social distancing. Even companies that have much higher revenue are seeing even higher costs and are losing money. So many factors and it's very hard to do business and make money for many of these businesses and charge the same prices and make a profit. A lot of the raw material supply chains are effected for the automotive industry so some vehicles can't be built because the factory doesn't have something as simple as brake pads or tail lights or xyz. All of these are contributing factors and lots of long established national businesses are filing bankruptcy daily.

But if you can't get new models due to various reasons, more people will buy used, and it goes back to supply and demand.

Used vehicles have been increasing in price the last 3-4 percentage wise more than normal. I am in the automotive industry and I would have thought we would see prices dip due to the Hertz bankruptcy. The hot new models are few and far between and this keeps the used market going ever higher. The price of new vehicles is getting pretty crazy and that is another reason why used prices are climbing.

Motorcycles as well. A month back Harley said 70% of their dealers will not receive another new motorcycle this year and they better start buying and making money selling used units. So both new and used Harleys are up.

My local power sports store (all 4 Japanese brands plus KTM) had a larger than normal inventory in January but have been selling so many that they are out of most models now. Previously 150 was a good month but they sold 200+ units in April, 200+ in May and they were on track to repeat in June. Their used section has almost nothing left but beaters. A new bike that I've had on order since last year should finally arrive in a week or two. I asked the manager if he wanted one of my bikes on trade or should I sell it? He said "we want used bikes, especially clean ones" and came up with very fair trade values on them for me.

You know vehicle prices better than nearly anyone here.
As you know, used vehicle prices are a lot more variable, and a lot more negotiable, than new.

At the dealership for AC troubleshooting on Monday I chatted with the owner for a bit. Even though the lot looks crammed, he says they need inventory. There was no production for several months. And they especially want used vehicles.

Just kicking the tires on a new SUV, the sales-kid started with, "So, will you be trading in a vehicle?"

quote:

Originally posted by chellim1:
You know vehicle prices better than nearly anyone here.
As you know, used vehicle prices are a lot more variable, and a lot more negotiable, than new.

True.
But the asking prices are about 2-3k more then when I was looking 3+ weeks ago. I am in a Tundra group and multiple folks post each day about the truck they bought or are planning to buy at what price.
And prices are up very noticeably.

quote:

Originally posted by Black92LX:

quote:

Originally posted by chellim1:
You know vehicle prices better than nearly anyone here.
As you know, used vehicle prices are a lot more variable, and a lot more negotiable, than new.

True.
But the asking prices are about 2-3k more then when I was looking 3+ weeks ago. I am in a Tundra group and multiple folks post each day about the truck they bought or are planning to buy at what price.
And prices are up very noticeably.

Did you leave the Expedition group?

You can’t find used cars around here. I have a 2008 Tundra with low miles I’ve considered selling because prices are so high right now.

This is good news, if it holds. I have two used niche vehicles going on the market very soon.

quote:

Originally posted by 21bubba:

quote:

Originally posted by Black92LX:

quote:

Originally posted by chellim1:
You know vehicle prices better than nearly anyone here.
As you know, used vehicle prices are a lot more variable, and a lot more negotiable, than new.

True.
But the asking prices are about 2-3k more then when I was looking 3+ weeks ago. I am in a Tundra group and multiple folks post each day about the truck they bought or are planning to buy at what price.
And prices are up very noticeably.

Did you leave the Expedition group?

Traded to the Tundra.

quote:

Originally posted by cooger:
You can’t find used cars around here. I have a 2008 Tundra with low miles I’ve considered selling because prices are so high right now.

That I know. Most of the trucks I was looking at were 4+ hours away.
I ended up driving 2 hours and getting mine in Hardinsburg. There were two about an hour away but sold the day I called about them.