Used Car Market - Inflation or Bubble?

So I bought a really nice 2015 Yukon XL Denali with 40k miles last year for $32,500. I was just given a 2016 Acura MDX with 25k miles for free (long story).
I can sell the Yukon that has 60k miles on it now to a buddy for $40k tomorrow.
Question is do I do it? Is the inflation going to keep climbing or is the used car bubble going to pop in the next 5 years (about the time where I’d want a new car for my wife)?
I have like 3 other cars right now too - but I know I couldn’t get this same Denali for the price.. I do have a bunch of kids, so it’s a tough call.
>Political because of inflation and political environments driving up the cost of goods.
What do you anons think? You’ve never steered me wrong.

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those fuckers with the 6.2 are fuckin rad

you could get more than 40k right now for that car, but why get rid of it if you have kids user

I mean I do really like the fuckin thing but it’s my wife’s car & she drives the kids everywhere like to school and shit. She put 20k miles on that truck in a year and I can sell it for an 8k profit - and not have to deal with the 16mpg it gets with premium gas. The Acura takes premium too, but gets like 27mpg, just doesn’t have the sweet bucket seats and all the room that the Denali has.. It’s tough. Like if I knew the market was going to keep climbing I’d hold on to it. But I think it’s probably just smart to sell it for a profit and keep the free car instead. Just doesn’t feel as cool.

i am turned on by a denali. so big much wow

tbch user I think we are in a bubble for sure

if you sell the denali for a profit now, you’ll be able to buy it back in 2 years for half that price imho

definitely keep it

Yukon mah nuts lmao

Didn’t this same shit happen in 2008? Over inflated vehicles right before the housing crisis?

I've been ordering new cars, negotiating good on them to get good and under msrp, then flipping them when the next one gets delivered.

So far got a free truck after all the flipping and now working on sienna for the wife. After that if the market keeps going I'll get my dad a sports car. I'm currently at right around 100k in free sheks just from the high values, tax free because no sales tax in my state.

bumping for answer to this.

Right after the 'gas for clunkers' meme. We're still dealing with the fallout for that in the used car market

Its not really a bubble, its the great reset. The only thing that wjll bring prices down on non-EV cars is when gas prices hit $20 a gallon. EV cars all loaded with electronics, sensors and softwares and are just spying platforms just like smartphones are, with planned obsolescence of 7 years rather than the 2 of smartphones.

Lol are you flipping them on FB market or something? I’m honestly considering doing the same shit rn.

Keep the Acura sell the Denali. Acura is not cool but 20k miles is nothing on an Acura. They’re really well made.

My 09 TL has been outstanding at 171k miles. I’ve done very little maintenance to it

6.2 LS is a monster, agreed.

The current issue we are facing is still the fallout from cash for clunkers. The program took an incredible number of used cars off the market and caused prices to spike, then right as things normalized covid messed with the supply chains.

Prices will fall when either demand falls or supply increases. Supply will likely continue to decrease for the next year or two depending on what happens with Russia and China. Gas prices will drive demand down for some vehicles and not others - but overall should be a net. People have to get to work and there are not enough cars on the market to fit the need.

That said, I'd sell now and buy it back later for cheaper, but might have to wait a few years.

Keep in mind that a truck that was worth 18k in 2019 is 20k from inflation alone to today, and then a 5 to 8k market markup on top of that depending on vehicle. So its consievable that half the increase in this bubble is just inflation.

I hate that I think you’re right. It’s totally not as cool. And is kind of a pain to deal with kids using the 3rd row.
Fingers crossed we get a crash in June and I can get this boy for a steal.

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The cash for clunkers program was legitimately an automotive shoah. Countless perfectly good cars were scrapped and destroyed. Glad to see someone out there recognizing this.

Literally just trading into the dealer

>order truck with msrp 58k, negotiate to 55k.
>order more
>second ordered truck comes in, trade first truck in for 64k on one that you are paying 55k for
>third one comes in, repeat

On the second truck you are pocketing 9k, then 9kish per truck after that.

Truck just an example, cars work too.

I remember gas prices were almost as high as they are now in summer of 08 and you could buy trucks for cheap because everyone was getting rid of them. I scored my first new truck an 07 ram for like 18k

See I get part of that, but I bought in February of 2021 for 32500.. It’s just really hard to tell how much of this is inflation vs how much is just retards being retards.. It feels super similar to 2008/2009..

I remember seeing literal fields just filled with perfectly decent cars, all were destroyed.

very nice

Part of me is okay selling the Denali simply because it’s fucking $120 to fill the fucker up every week. The Acura is like $60.. I’m not hurting for money, but it’s just hard to justify it.

What just happened for me in the last year:
>Sell car last year for $12k profit
>Use money as down payment
>Look on KBB, new car is now worth $10k more than I paid for it a year ago
>TLDR: gained $22k

sell it and make the wife drive one of your other 10 cars nigger

why are people paying more for used than new? I understand and believe it is happening, but why?

My 2018 Camaro went up by about 5 grand despite having higher miles and a few blemishes. This is fucking nuts, I miss orange man. I want cheap gas and lol tweets.

You won't go wrong by selling now. Hertz is budgeting for prices going up by 1 pct for the next year and a half and then falling again, their people think its mostly due to supply issues.

So which one will hurt more
>knowing that you could have sold it, made a bunch of money, and bought it cheaper later and with extra in your pocket
>knowing you could have held for longer and sold it for more, and enjoyed it in the meantime

i bought a 2005-6 SUV with a little over 80,000 for 3,500
fix your own shit