Used Value Trend
- Thread starter Deneed4spd
- Start date
Caraholic
Member
Go check out the 392 Wranglers. Top 3 most fun car I have every owned.
rubberduck
Seasoned Member
- Joined
- Mar 11, 2022
- Messages
- 2,039
- Location
- Arizona
- V-Series Cadillac(s)?
- 22 CT5V BW Shadow Metallic 6M
Agreed, look at some comparison reviews/videos of Bronco and Wrangler. There’s a clear winner. And talk about aftermarket, it’s endless.
CGB
Seasoned Member
Yes, I have, but wife drives a SRT/392 Durango, so I'm looking for something a little different. I like the looks of the Bronco/Wildtrak, so I'm leaning more towards that.
FLYARMY
Seasoned Member
- Joined
- Apr 21, 2022
- Messages
- 929
- Location
- Montauk Point, Long Island, NY
- V-Series Cadillac(s)?
- 2022 CT5-V Blackwing
I had a new 2018 Chevrolet Colorado ZR2. Bought it in Oct 2018 for $43,000 out the door. When I was told that I got my allocation for my 2022 CT5-V Blackwing , I had to get rid of something because I wanted a substantial down payment to put down when the BW arrived. I reached out to the big 3 (CarMax, Carvana and Auto Lenders). Autolenders won out and gave me a check for $40,000 on a 3.5 year old truck with 19,000 miles on her (mint condition). I added another 10k and put down a $50k deposit on my BW and my 5 year payments are still $760 per month.
I found my truck for sale at a Pennsylvania dealership asking $43,995. I had also traded in my 2016 Suburban for a 2022 Kia Telluride. After negotiations I got basically $18500 for trade and saved $2000 on tax ($20500). I found my suburban at the same Pennsylvania dealership selling for $30,000 !!! I took a bath on that deal.
I found my truck for sale at a Pennsylvania dealership asking $43,995. I had also traded in my 2016 Suburban for a 2022 Kia Telluride. After negotiations I got basically $18500 for trade and saved $2000 on tax ($20500). I found my suburban at the same Pennsylvania dealership selling for $30,000 !!! I took a bath on that deal.
BimmerFan
Seasoned Member
No you didn't. They're asking 30, that doesn't mean that they'll get it (or got it). That's pretty, um... cheeky for an 8 year-old Chevy.
Of course, dealers are in it to make money, and so we shouldn't be surprised. However, of the last 5 BMW cars/SUVs that I sold to dealers, they only made a profit on two of them. So sometimes we (consumers) do OK.
raptor5244
Seasoned Member
- Joined
- Aug 7, 2022
- Messages
- 908
- Location
- Florida
- V-Series Cadillac(s)?
- 2022 CT4-V Blackwing - 46-381
KatyTxCT5V
Seasoned Member
Hey @poor-sha, how many miles on your car?
13k
Slick Blackwings
Seasoned Member
- Joined
- Jul 25, 2021
- Messages
- 428
- Location
- N.E Pennsylvania
- V-Series Cadillac(s)?
- 2022 CT5 V Blackwing. 2024 CT5V Blackwing
Cadillac executive have priced this car out of the market! Our 24 6 sp listed 124000 + tax tags 130 + almost backed out, instead it sits in garage while we take our 22 auto on every trip!
KatyTxCT5V
Seasoned Member
Yeah, the 2022 cars were priced where they should have been and 2023 and later price increases were too much! At the new price levels with similar options, it opens up to more choices with other brands.
jbawden
Seasoned Member
I'm sure the pricing strategy was very intentional; get some lower margin examples to market, get the froth going, then commence with huge MSRP increases and ridiculous option pricing (looking at you precision package). I still think its great car and worth whatever you're willing/able to pay.
What I don't think is a great idea is existing 5BW owners buying the exact same car at a higher price. This car is already an irrational purchase, but the massive transaction and opportunity costs of buying the same depreciating asset twice is way outside of my financial discipline.
What I don't think is a great idea is existing 5BW owners buying the exact same car at a higher price. This car is already an irrational purchase, but the massive transaction and opportunity costs of buying the same depreciating asset twice is way outside of my financial discipline.
I had a similar experience with a NoVA dealer when inquiring about trade. Low 70s, and they'll turn around and put it up for 88-92k.
MSRP increases were right in line with inflation. The 2022 5BW was released in 2021 at 84k base price. 84k in 2021 is now worth 97k today. That's where the 2025 model starts.
savethemanual
Seasoned Member
I know I have said this repeatedly but if I find a clean CT5 blackwing manual for 80k I am totally jumping on it. Right now its slim pickings.
With that logic you’d think the used prices on these cars would’ve held up better. Having a 3 year old car worth half what a new one costs is a tough pill.
jbawden
Seasoned Member
Ok, that still doesn't make it a "good" decision. For most people their income didn't pace with inflation and their savings have less buying power. If you understand the affects in epic inflation it only compounds the terrible decision to sell the '22 in inflated 2024 dollars. That $80k used price is more like $68k in 2022 dollars when the buyer locked up his money in that car. Inflation took away buying power forever, just because the rate is lower doesn't mean we're recapturing the value of the dollar, the bleeding is just less.
I wouldn't be making this point if the car was majorly refreshed, but its the same dam car.
The market is finally normalizing. I picked up my C5 Z06 for about half the price of a new one, and it was only 3 years old at the time.
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