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My friend said that corvette has been for sale almost 4 weeks and still listed today. The owner actually called my friend again to ask if he was still interested.
It'll be listed for a lot longer if the guy can't get down to a realistic price.
I think it’s a buyer market. Economy is bad. There are plenty of cars (used) with not enough buyers (with cash in their pockets)
I bet his friend can pull up and that vette will still be for sale.
Just seeing them for sale for a certain price don’t mean they are selling for that price. You can ask whatever you want- what you get is a different story.
Buyer's Market? Really? C6 values, and many other used car/truck values, are up 25-30% across the board versus 2 years ago. That is a fact. That is not a buyer's market. Comparing a damaged/repaired vehicle value to that of excellent condition vehicles is not reliable. Yes, that Vette might sit for awhile, but it will be due solely to it's history, not due to the relative strength of the market.
In general terms, however, I see the market slowly tightening up, versus a year ago. Dealers are no longer offering new vehicle price on a 2 year-old Silverado trade in. Ditto for premium SUV's. Dealers are still clamoring for desirable used cars/trucks, but it is starting to be less drastic than it has been.
We are at record low inventories for all cars. New, used, sports car, corvette, truck, everything. While the fundamentals of the economy are shaky, employers are throwing money and bonuses at people to get them to work. Anyone who wants to work can get a job, likely for more than they were making before.
A car being listed for a few weeks isn't abnormal, or a sign of a slow market, lol.