[anobserver]

But the reason for discussing new car sales in a used car discussion? Im sure there was a reason, i think they are related but also when sales of new or used cars change its often incremental and trends in a direction. Influenced by changjng product and consumer tastes, sure.

The change in the used market over the past six months are the most startling i can recall. I am seeing revaluations upwards of 20 per cent or more. One of the cars on my lists was repriced up by two thousand dollars. Ive never seen that in over 30 years.

So looking forward, i think the current price movements wont be sustained. Unfortunately, when they revert to mean it will probably be because of reduced seller pricing power, a need for ready cash, and/or an inability to maintain payments on leased or financed vehicles. That may not be pretty, and the general social mood may mean a buyer drought if noone else wants to buy anything.