Trade Values Crashing?

[jmj8355]

Anybody else noticing obscenely lowball trade in offers recently from the normal quick sale types of places like carvana, carmax, etc? To give you an example my 22 4xe sahara that stickered at 61k is getting offers around 45-50. Maybe with interest rates up and everything else that is going on dealerships arent real excited about taking on additional used inventory unless they can get a steel of a price? Curiuos what others are experiencing right now and if you are getting good offers, please point me in the right direction.

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[Xcoaste]

Used Jeep prices haven’t feel much yet. I have been looking at used TJs as a 3rd vehicle for months now and they are still way overpriced.
My guess is that you won’t be offered as much as before but places will keep asking too much for vehicles as they are trying to recoup for when they overpaid.

 

[Dyolfknip74]

Ya, you're about 6 months too late. No more insane used car values.

 

[tshaw2009]

I'm getting $35,500 for my 2019 Tacoma TRD Off-Road 4x4 with 40k miles and I only paid $31,000 for it back in September of 2021. So from my perspective, the trade values are still just fine.

 

[jmj8355]

Ya, you're about 6 months too late. No more insane used car values.

Oh im not looking for the crazy inflated values that were happening last year but North of 11k depreciation on a 6 month old low mileage wrangler is not a normal thing in my experience. Maybe other cars but not Wranglers.

 

[Punkn89]

Nothing is going to make much sense in this market for another year probably. Best thing you can do is hold on to what you have for right now and don’t ever look at your 401k

 

[CaliJLU]

Historically Saharas have always had worse residuals and resale values than Rubicons/Sports. Since the car market is on the brink of a crash, I’m not surprised with the low balls. Manheim “no sales” are through the roof, once those sellers are forced to sell, prices are gonna crash.

 

[CaliJLU]

I'm getting $35,500 for my 2019 Tacoma TRD Off-Road 4x4 with 40k miles and I only paid $31,000 for it back in September of 2021. So from my perspective, the trade values are still just fine.

That’s a great price. I sold my 2019 Trd off road in May 2021 for $38k with 24k miles, leased it in Fed 2019 for a cap cost of $36k.

 

[roaniecowpony]

I'm getting $35,500 for my 2019 Tacoma TRD Off-Road 4x4 with 40k miles and I only paid $31,000 for it back in September of 2021. So from my perspective, the trade values are still just fine.

I believe the inflated car values were/are a contributor/indicator of rampant inflation. While it is great to get a high trade value on a vehicle, overall we're all losing ground with runaway inflation.

What was the saying? 'A recession is when your neighbor is out of work. A depression is when you are out of work.'

 

[TheDogPack]

Used Jeep prices haven’t feel much yet. I have been looking at used TJs as a 3rd vehicle for months now and they are still way overpriced.
My guess is that you won’t be offered as much as before but places will keep asking too much for vehicles as they are trying to recoup for when they overpaid.

Used prices are down about 9% in the last 3 months

 

[Spank]

I'm getting $35,500 for my 2019 Tacoma TRD Off-Road 4x4 with 40k miles and I only paid $31,000 for it back in September of 2021. So from my perspective, the trade values are still just fine.

Tacomas have always had much better resale value than virtually any other vehicle, regardless of the current state of the world.

 

[tshaw2009]

That’s a great price. I sold my 2019 Trd off road in May 2021 for $38k with 24k miles, leased it in Fed 2019 for a cap cost of $36k.

It really worked out nice for me because I'm also getting my new 2023 Wrangler for 1% below dealer invoice with FCA Affiliate pricing by being a member of Tread Lightly. It's almost a straight trade. I'll have like $139 to pay in taxes at my local DMV.

 

[lowmpg]

Anybody else noticing obscenely lowball trade in offers recently from the normal quick sale types of places like carvana, carmax, etc? To give you an example my 22 4xe sahara that stickered at 61k is getting offers around 45-50. Maybe with interest rates up and everything else that is going on dealerships arent real excited about taking on additional used inventory unless they can get a steel of a price? Curiuos what others are experiencing right now and if you are getting good offers, please point me in the right direction.

Considering Carmax is selling used 4xE's with 1000 miles on them for the low 50s, that price seems unreasonably gracious.

These are all considerably south of 60k price tags:

https://www.carmax.com/car/23196002 1k miles
https://www.carmax.com/car/23021924 4k miles
https://www.carmax.com/car/22089504 1k miles

That doesn't even count the 2021's that are a plenty. The fact is, those cars aren't hard to find at Carmax, if you're considering even remotely trading in your Jeep (which I know you say you aren't but who prices a trade in on their 6 month old ride unless they are willing to leap for the right price), and Carmax will give you 45-50K...TAKE THE MONEY AND RUN.

 

[Chupacabra]

Anybody else noticing obscenely lowball trade in offers recently from the normal quick sale types of places like carvana, carmax, etc? To give you an example my 22 4xe sahara that stickered at 61k is getting offers around 45-50.

You're forgetting the $7,500 tax credit. Even at sticker you would have "paid" $53,500 for it. The new buyer isn't going to get another $7,500 so $45-50K, trade, doesn't seem to far off to me. Carvana still has to flip it make money on it.

I can buy a new Sahara 4XE today for about that same price, so why would I pay close to that for your used one?

 

[laroo]

Sold my previous Jeep for $36.5k based on Carvana's offer in April. I checked this week, and same Jeep was worth $37.8k to Carvana, surprisingly. I think it depends on your location and probably trim level, or what the local Carvana dealers need at the time. The market hasn't crashed completely yet.

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