Only half correct sir. It's demand vs. supply.

And demand may be up but supply is waaay down and is the driving factor now in auto prices, new or used. Fortunately, at these elevated prices demand is levelling off and maybe falling due to the other major Econ 101 relationship: Elasticity of demand vs. price, which is why used cars went up - what damn fool pays sticker price for a new auto? Only a damn fool. If you are going to get ripped off then do it at half the price with a used one. Either way you are going to be gouged so if at all possible keep the one you have running. - I know, I got the letter from Handsome Al Mandelstam. ;-)

In response to this post by JoesterVT

Posted: 12/01/2021 at 2:20PM

Why are used cars listed at twice KBB? shouldn't they be close? ** -- bigbadbird 12/01/2021 12:55PM

Lesson... Unless you just don't care about money... -- hokiehunter07 12/01/2021 3:14PM

Had to go to Carmax to drive a new-ish Suburban; can hardly find one on the -- 86TechHokie 12/01/2021 2:45PM

One of my neighbors ordered and just received a new Tahoe -- EDGEMAN 12/01/2021 3:03PM

I think i'm gonna wait on the bubble bursting ** -- bigbadbird 12/01/2021 2:47PM

Scarcity, including/especially new models ** -- B777Fr8Dog 12/01/2021 2:18PM

I read something recent that Toyota seems to have solved their chip issue -- EDGEMAN 12/01/2021 2:30PM

Yeah- i was looking for one for the 2nd child -- bigbadbird 12/01/2021 2:23PM

Econ 101...market price is related to demand. Demand is through the roof. ** -- JoesterVT 12/01/2021 1:39PM

Only half correct sir. It's demand vs. supply. -- HokieJay 12/01/2021 2:20PM

Shouldn’t KBB reflect that? ** -- Femoyer Hokie 12/01/2021 2:05PM

In theory they should but there is a lag. ** -- HokieJay 12/01/2021 2:22PM

They are probably too lazy to update, or they think the used car bubble... -- EDGEMAN 12/01/2021 2:12PM

I looked at used trucks- and they are more than what i paid for my 2018 - -- bigbadbird 12/01/2021 2:24PM

Beats me ** -- JoesterVT 12/01/2021 2:08PM

I just sold a 2017 Ford Super Duty, 41K miles for 1.5K more than paid new. ** -- VaTaz 12/01/2021 1:38PM

I believe that my 2005 dodge dually lariat still has close to the same -- hokieman842 12/01/2021 3:05PM

Yep. Buddy sold his 2 yr old Charger for 8k more than he paid for it new. ** -- 86TechHokie 12/01/2021 2:39PM

There are no cars to buy go drive by a dealership -- HokieJamie 12/01/2021 1:20PM

Supply and demand. The market is crazy ** -- HokieR 12/01/2021 1:00PM

Only half correct sir. It's demand vs. supply.

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