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Used Vehicle Prices Hyperinflate as Inflation Begins to Spiral out of Control All Over America
https://ourgoldguy.com ^ | NOVEMBER 9, 2021 | by Michael Snyder

Posted on 11/09/2021 8:53:51 AM PST by Red Badger

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To: Red Badger

Last July I traded in my 2003 minivan towards a new car. (I get a lot of miles out of my cars.) The dealer gave me $900.00 more than it was worth.

The new car I bought is worth more now than when I bought it, more than the total I paid for it, including tax, license, phoney dealer addons, etc.


61 posted on 11/09/2021 9:59:40 AM PST by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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To: Red Badger

I bought a 1995 F350 back in April. Now I have random people offering to buy it from me.

It’s not a diesel, either - has the BBF gas engine (7.5L)


62 posted on 11/09/2021 10:03:29 AM PST by Disambiguator
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To: Disambiguator

My wife drives a 2002 Ram with 96k miles. A dealer we know wants it......... 🤔


63 posted on 11/09/2021 10:06:58 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

I have a 2008 Tahoe I was going to sell it for $2500 with 250,000 miles on it my youngest son said wait a minute and show me where I could probably get around eight to $10,000 for this old thing.


64 posted on 11/09/2021 10:08:38 AM PST by enduserindy (I’m done explaining basic math and the definition of freedom. )
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To: Red Badger

According to KBB, my car gained $4000 since last month in trade in value


65 posted on 11/09/2021 10:09:26 AM PST by PIF (They came for me and mine ... now its your turn)
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To: cgbg
The cars in Cuba are amazing. They must have some talented mechanics to keep those ancient clunkers on the road.

They have a lot of experience - working on the same cars for 60 years. The technology never changes!

66 posted on 11/09/2021 10:10:30 AM PST by Disambiguator
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To: Red Badger

Our local Ford Dealer lot is practically EMPTY.

Local Toyota lot has 9-10 vehicles


67 posted on 11/09/2021 10:11:34 AM PST by PIF (They came for me and mine ... now its your turn)
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To: Red Badger
The only thing I found interesting were its 'predictions':

Predictions


Referencing the movie's futuristic premise itself, there were many societal or political forecasts woven into the storyline, and a number of these have become reality, including:

The People's Republic of China embraces capitalism and becomes a global economic superpower.[13][14]

Nike becomes a huge multinational conglomerate.[13][14]

The collapse of the USSR occurs.[14]

America experiences a devalued dollar and becomes heavily in debt to foreign lenders.[13][14][dubious – discuss]

The prevalence of reality shows on television occurs.

Network television deals with previously taboo subjects accepted as normal (Monty Rushmore stars in the sitcom Both Father and Mother and plays a cross-dressing single father in the title role.[15] The film's narrative also mentions The Schlong Show, a game show where contestants are judged by their reproductive organs).

A governor of California becomes president in real life in a little over a year after this movie's release.  

68 posted on 11/09/2021 10:11:53 AM PST by Kevmo (I’m immune from Covid since I don’t watch TV.🤗)
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To: Red Badger
Overall, used vehicle prices are up a total of 38 percent over the past year, and they are now up a total of 59 percent since October 2019.

My dealer sent me a postcard offering be 10% over book. LOL No wonder they call dealers, stealers.

69 posted on 11/09/2021 10:13:26 AM PST by 1Old Pro (Let's make crime illegal again!)
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To: Red Badger

Smart move. I could make a boatload off of my truck but from my house it’s a lllllooooonnnnggggg walk to civilization.


70 posted on 11/09/2021 10:14:08 AM PST by suthener ( )
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To: irishjuggler

Both Edmunds and Kelly Blue Book are buying.


71 posted on 11/09/2021 10:14:13 AM PST by PIF (They came for me and mine ... now its your turn)
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To: Red Badger

When we visited Eastern Europe in the mid 1990s, still very Soviet, the buildings were kept in mid 40s to mid 50s. Very dark, maybe just one lightbulb in a room.

That’s what they want for us. To be cold, hungry and in the dark. In the land of fruited plains and abundant energy. But that’s not for us, no.

Communists are the most vile, wicked group of evil people on this planet.

Well, I take it back, the communist politicians are merely puppets of the corporate authoritarian technocrats ( along with CCP) who are the actual most evil group. Communist pols are their useful idiots, but extremely evil also.


72 posted on 11/09/2021 10:15:35 AM PST by boxlunch (10th Amendmt: nullification or Texit? PS We're in a hot war: globalists, CCP, media, Dems, RINOs)
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To: Kevmo

The US and foreign governments are in a “race to the bottom” in turning their currency into toilet paper.

So far the US remains the primary currency of world trade because other currencies are even worse.

As to the future—my crystal ball if very foggy—but if I had to bet it would be on a worldwide depression of epic proportions where all currencies collapse together.


73 posted on 11/09/2021 10:16:14 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Red Badger

I sold my 2021 Toyota Tacoma that I bought a year ago for $43,256. This was enough to pay off my loan (owed 34,000) and was $3000 more than I paid for it plus got all my downpayment back. Going to get a RAV 4 Hybrid instead..cheaper and more fuel efficient.


74 posted on 11/09/2021 10:24:49 AM PST by DouglasKC
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To: Bobalu

I have a few oldies sitting in different states of reassembly.


75 posted on 11/09/2021 10:41:18 AM PST by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: Red Badger

What inflation. Last week was 3.99 per gallon. Today I awoke to 6.29 per gallon. Let’s go Brandon!


76 posted on 11/09/2021 10:51:28 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Organic Panic

This is intentional.

They want to kill the Internal Combustion Engine, both gasoline and diesel, and Natural Gas as well.

They want us all to buy electric cars that have a limited range and essentially be stuck within a hundred mile bubble all our lives.

Soon there will be NO NEW CARS FOR SALE because of the FAKE CHIP SHORTAGE. All the new car manufacturers are switching over to FULL ELECTRIC car production ONLY and need this time to generate a huge demand, when ‘suddenly’ there is no longer a ‘chip shortage’. BOGUS from the get go.

Used cars will eventually all die off for lack of parts or parts so expensive they won’t be economical to buy if at all.

If you try and keep your gasoline car running, gasoline will be difficult to find because there won’t be any filling stations, only electric charging stations with a 12 hour WAIT TIME just to plug in.

Welcome to the Biden nightmare......................


77 posted on 11/09/2021 11:00:45 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Don Corleone

I bought a new truck (Toyota) this month. It cost about the same or maybe a little less than similar used models of the same truck with 75,000-100,000 miles on them.


78 posted on 11/09/2021 11:10:15 AM PST by Mr Rogers
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To: Red Badger

Need to sell the Mercury Grand Marquis but it is such a good car I may just mothball it and put it on blocks in reserve. They don’t make a 27 mpg, 75 mph, living room on wheels that will run a hole in the wind anymore. One of the most refined designs ever and I was never a ford guy.


79 posted on 11/09/2021 11:36:40 AM PST by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.I ha)
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To: Red Badger
..the cost of heating oil is expected to rise approximately 43% compared to last year to due to “higher expected fuel costs as well as more consumption of energy due to a colder winter.” Meanwhile, the agency expects propane costs to rise by 54%, natural gas costs to rise by 30% and electricity costs to rise by 6%.

Biden's solution? He's thinking about closing down another pipeline.

80 posted on 11/09/2021 11:58:50 AM PST by GOPJ (The 'conspiracy card' like the 'race card' is being overplay by white liberal 'elites'... snowflakes)
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