Has the automotive market lost its mind post covid
As automotive enthusiasts the guys at VinCheckUp have been closely following the new trends and changes in the automotive market. We keep track of vehicle listings on all popular websites such as bringatrailer, autotrader, craigslist, cars and even Facebook marketplace. Needless to say, we are not loving the changes in the automotive landscape. Although, we have seen a slight decline from general resale and retail, vehicle pricing is still up from years earlier. It is so ridiculous that vehicles that are traditionally below market generally ranging around $5000 in 2019 started fetching around 50% higher in 2021/2022 and about 38% higher 2023. Meaning, if you sold a car for $5,000 in 2019 you could have sold the exact same vehicle for up to $2500 more in 2022. We have noticed this trend when comparing prices for a handful of low-cost pre-owned vehicles by year, make and model as well as mileage across all popular sale platforms. Now same thing does not apply to vehicles ove...