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Corvette
C8 Forum
Trade in on C7 for C8
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<blockquote data-quote="ScottyR" data-source="post: 325174" data-attributes="member: 8843"><p>Used car prices are so volatile right now very few dealers will commit to a firm trade in number until the new unit is on ground and ready to deliver. I was talking to my GM dealer buddy a few days ago and he said he had a deal on new Yukon Denali where the guy was trading in his 22 and the trade value has dropped $8K since the 24 was ordered a few months ago.</p><p></p><p>If I was the guy with the Bronco, I would be bracing myself for the same thing to happen. I sold my wifes 22 Bronco in the spring for $64K (top of the market) and just watched the twin to it sell yesterday at Adesa Brampton for $48K. The used car market is dropping so fast, no one can react fast enough. I ordered my wife a new Highlander Hybrid last Feb (ETA is April/24 - LOL) and my bill of sale clearly states "Trade in value is an estimate only. All trades will be re-appraised at time of delivery". </p><p></p><p>In this market, new car dealers are totally OK to hang onto the new vehicle and let the customer walk if the alternative is to bury yourself in a trade in.</p></blockquote><p></p>
[QUOTE="ScottyR, post: 325174, member: 8843"] Used car prices are so volatile right now very few dealers will commit to a firm trade in number until the new unit is on ground and ready to deliver. I was talking to my GM dealer buddy a few days ago and he said he had a deal on new Yukon Denali where the guy was trading in his 22 and the trade value has dropped $8K since the 24 was ordered a few months ago. If I was the guy with the Bronco, I would be bracing myself for the same thing to happen. I sold my wifes 22 Bronco in the spring for $64K (top of the market) and just watched the twin to it sell yesterday at Adesa Brampton for $48K. The used car market is dropping so fast, no one can react fast enough. I ordered my wife a new Highlander Hybrid last Feb (ETA is April/24 - LOL) and my bill of sale clearly states "Trade in value is an estimate only. All trades will be re-appraised at time of delivery". In this market, new car dealers are totally OK to hang onto the new vehicle and let the customer walk if the alternative is to bury yourself in a trade in. [/QUOTE]
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Corvette
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Trade in on C7 for C8
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