State of the used market

[Revelations]

How is it out east? I know a good chunk of y'all are from the eastern world. It's horrible here, looking for a decent used vehicle at a half reasonable price? Forget it, all garbage vehicles like FCA products, Kia's, Hyundai's/Genesis, small domestics SUV's (Escape, Equinox etc) Nissans with CVT's....basically all the crap I consistently warn people against buying.

Tried to snag a 2008 RAV4 today at dealer auction, nice SUV, low km @ 103,000, fairly base model, clean history, needed tires. Sold for $14,100! Its nearly 20 years old FFS! Any vehicle actually worth buying get absolutely gobbled up by dealers competing against each other driving the prices to the moon. Looking back to a purchase from 2022, I bought a 2015 Rav4 with 61,000 km for $19,800. That thing has actually appreciated  in value....

This car market is facked and getting worse. What's causing this? Price of new? People refusing to buy rolling Ipads and just wanting a simple, reliable, easy to repair vehicle?

End rant/

[Stodge]

I don't really know the answer but I wouldn't be surprised if it was because people are avoiding new car prices. I know the thought of buying a new car makes my stomach turn.

[Blizzard]

Wow that's crazy! Seems to be an out West thing because here in Quebec, $14,000 gets you a 2013-2015 RAV4 with similar kilometres as the one you referenced, but at actual retail prices. Although possibly with more underbody rust. Maybe because there's more supply here?

The most expensive RAV4 of the 2006-2012 generation within 100 km of me is $10,995 at a dealer.

[Gurgie]

I know trying to find a good used car for $3500 - $5000 ain't what it used to be. I used to joke that I could pick up a car for $2k no problem, but now it's horrible. We bought my son's 2011 Mazda 3 "as is" in April 2021 for $2k, he could probably sell that car today for $4k. I was hoping that there would be enough people upside down in the US on their car loans so it would have flooded the used car market with repo's & drove the prices down, but it hasn't happened yet.