what happened to resale value?

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Rocky - 30 Dec 2005 10:26 GMT

Kbb, edmunds, galves, etc - which one should I use to set my price to sell
my 2001 f150?
The prices nove have dropped several thousand in the past 4 months.

I think the new car sales - 'employee pricing' damaged the used car market -
at least for me selling my f150.
Rocky

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JimV - 30 Dec 2005 12:18 GMT

> Kbb, edmunds, galves, etc - which one should I use to set my price to sell
> my 2001 f150?
[quoted text clipped - 3 lines]
> at least for me selling my f150.
> Rocky

Also the price of gas has had an effect on the larger vehicles. I find
Edmunds and nadaguides to be the most realistic.

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B. Peg - 30 Dec 2005 17:21 GMT

> "Rocky" wrote:
> The prices nove have dropped several thousand in the past 4 months.
> I think the new car sales - 'employee pricing' damaged the used car
> market - at least for me selling my f150.

True. I just saw the ad on TV where even the Dodge Ram is selling for
$15,000 - even with lower gas prices! About a year and a half ago when I
was looking to buy one they were $28,000. I guess my procrastination
finally paid off

Neighbor took a big hit at the dealership where they only offered him $1000
on his 2000 Ford truck on trade-in. He was pissed to say the least! He
said the dealership owner didn't want anything older than an '01 in his lot
and the $1000 was an incentive to peddle it elsewhere else they send it to
salvage/auction house.

Now with gas prices a bit lower you may find a buyer. Good luck.

B~

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Joe - 31 Dec 2005 04:38 GMT

>> "Rocky" wrote:
>> The prices nove have dropped several thousand in the past 4 months.
>> I think the new car sales - 'employee pricing' damaged the used car
>> market - at least for me selling my f150.

True, and they're still not as cheap as they could be. 3 and 4 year old
trucks are still priced above new ones at a lot of places. Even the repo-ed
ones at the bank! They're not selling. If you can get a new one for $3000
under invoice, where does that put one with 50,000 miles on it?

The price of gas is also a factor, but it's a much different factor. If 50%
of yesterday's new car buyers drove a truck, and 30% of tomorrow's used car
buyers are shopping for one, then yeah, there's going to be a problem.

It won't be easy for supply/demand forces to balance, because trucks have so
far to fall to become a "bargain" if you don't want to pay extra to drive
one. They've traditionally held their value extremely well, and it's going
to be hard to stomach.

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TheSnoMan - 31 Dec 2005 13:34 GMT

>>>"Rocky" wrote:
>>>The prices nove have dropped several thousand in the past 4 months.
[quoted text clipped - 14 lines]
> one. They've traditionally held their value extremely well, and it's going
> to be hard to stomach.

The writting has been on the wall for some time now. Dealers try to get
max dollar for used one because thats where theymake their money because
they are not doing it on new ones.

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