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"...trend lines are negative in the industry. That ranges from rising defaults to falling used car prices.
...One culprit was an accelerated decline in used-car prices.
...The NADA sparked concern last week with a report that its used-car price index fell by 8% from a year earlier in February to its lowest level since 2010.
...With the entire sector having veered off course, the damage could be wide-spread. Investors in the area should consider driving defensively or steering clear altogether"
The article was about the auto-finance sector. The update was from Ally Financial, formerly the auto lending arm of General Motors (GMAC).
I once did this with a brand new tahoe. Dealer said same value at trade with 500 miles or 5000.
vette may be 3000. But point is put a couple grand on it then dump it. Won't get any less for it.
You don't have to add any miles or drive it off the lot once you acknowledge receipt with signature. That's the moment brand new becomes used officially. That's bc the Manufacturers Certificate of Origin has been used up via the purchase paperwork. Even the dealer, if he took it back on paper, has to sell it as used. Ask me how I know.
In addition to posting in the appropriate "for sale" area on the forum, consider Autotrader. Need lots of good pics. Will also give you many Vettes and prices to consider. Get the premium listing package for ~$75.