Current market sentiment

[OtisLivingston]

Here's some good info on prices over time (new and used). Average new car price is nearly $50k right now (average was about $38k pre-covid).

https://www.financialsamurai.com/average-new-car-price/

Holy shit. Used car prices have skyrocketed in that article. Shockingly, depreciation has not slowed.

 

[snoodmonger]

We all got cucked by the “sUpPlY cHaIn IsSueS!!!”

Was pricing out a midsized Mazda SUV and with $7500 down it was still over $1K/mo. For a Mazda.

 

[Turinturumbar]

Fast Food companies have been price gouging since 2020. It's pretty obvious

They've finally realized that 80% of their customer base is addicted and will pay anything for that trash.

 

[ascottwaddell]

Was pricing out a midsized Mazda SUV and with $7500 down it was still over $1K/mo. For a Mazda.

Try out a slightly used EV.
Bought one with 3k miles for 40% off MSRP.

 

[Turinturumbar]

Try out a slightly used EV.
Bought one with 3k miles for 40% off MSRP.

Or a used non-EV. After the price hikes in recent years, I have no desire to buy a new car/SUV. The used ones are ridiculous enough, but the new ones are insane unless you want a basic model with no extras.

I think I'm going to hold onto my SUV for as long as possible.

 

[snoodmonger]

Try out a slightly used EV.
Bought one with 3k miles for 40% off MSRP.

I was very close to pulling the trigger on an EV but ended up leasing a Hyundai Tucson, which my wife really liked.

If the Scout EVs are any good when they come out, I’ll go that route. Lease will be expiring in 2028.

 

[ramblood]

Anybody buying right now is a fuggin moron.

If and when President Wilson actually demonstrates that he either cares or that he’s not one of those, then it will be time.

I remember buying this lot when I saw this message. Didn’t think it’d only be two months for the bump, but here we are:

 

[BigGlo14]

Buffet always says "BUY when everyone is selling and SELL when everyone is buying." He has done alright.

 

[TexasJayhawk87]

I remember buying this lot when I saw this message. Didn’t think it’d only be two months for the bump, but here we are:

Smart. The tariff tantrum was obvious and Mr Market being emotional.