r/whatcarshouldIbuy • u/98Saman • 2d ago
The used car index started to jump within a day of the tariffs announcement.
Everything will go up, just watch. We’re only two days into the tariffs now. Give it two months and we’re done.
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u/LetsGoPanthers29 2d ago
I said this in the r/Mustang subreddit dude they got so mad at me. XD
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u/Past-Apartment-8455 2d ago
Well, mustang people are a bit touchy anyway.
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u/XxNitr0xX 06 WRX STi, 74 Z/28 Camaro 2d ago
I really want a Mustang GT as my next car but the community is holding me back, hard. I swear most of them don't understand their transmissions come from China.. and before that, Mexico.
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u/uberdosage 23 GR86 2d ago
Same here. The community and the perception. Mustang fans are either dude bros who only care about high hp numbers or old Gen X and boomers. The latter group isn't so bad though usually.
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u/Quick_Two6258 1d ago
Piss 'em all off and get a Mach-E
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u/uberdosage 23 GR86 1d ago
Nah, that coyote is still one of the best engines in an "affordable" car you can get
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u/Upbeat_Ad_3136 1d ago
I have an 07 mustang and are the OG owners but I’d never buy a ford again!
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u/strangway 1d ago
You know what Ford stands for, right? Fix it again, Tony! Hehehe
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u/GlitteringPen3949 19h ago
That’s the Eyetalen Mustang.
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u/strangway 12h ago
No King of the Hill fans in this sub, I guess 🤷♂️
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u/GlitteringPen3949 11h ago
Sorry missed that. Did not watch a ton of that show. Did the character use the FIAT reference for FORD as a running gag?
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u/ExodusOfExodia 1d ago
I fucking Hate Ford but they're one of the only car companies at all left that "even though owned by shareholders" majority stake is still American. Everything else has been long gone since after 2008
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u/strangway 1d ago
It takes a certain kinda crazy to be obsessed with Fox body Mustangs from 1985 that have a 5.0 liter V8 that only makes like 190 hp. That’s a kind of crazy I’ll never understand, lol!
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u/GlitteringPen3949 19h ago
Well it made 225hp. And did 150 mph. 0 - 60 was 6.5 sec. Not bad for 1985! You can mod them to easily get 400 ho and they are cheap!!!!!
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u/shitheadsteven3 2d ago
Well, Mustang people are dumb as shit.
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u/TheBeaverRetriever 2d ago
and why is that, shitheadsteven3?
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u/rayew21 2d ago
ecoboosters. v8 chads know what is good and just
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u/shitheadsteven3 2d ago
I'm not gonna hold you. The Mustang is a good car that is driven by idiots.
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u/touchmybodily 2d ago
Probably cause they know they’re constantly at risk of totaling their car while doing the most basic maneuvers
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u/Pretend_Ad4847 1d ago
With tariffs now in place new car prices are likely to rise, but the impact on used car values is less clear. The used car market is influenced by supply and demand, and while some used car prices might increase due to the scarcity of new cars, the tariffs themselves are unlikely to directly increase the value of a used cars…
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u/zeeper25 21h ago edited 21h ago
Wow, you learned to read and write pretty fast, since this exact scenario played out 5-6 years ago during COVID (new cars supply dropped, new car prices rose significantly, used car prices jumped through the roof) -- and you obviously don't remember any of it, so you must have been an infant.
But I get it, lack of memory about everything during the first Trump administration gave us the situation we find ourselves in again...
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u/Pretend_Ad4847 18h ago
You can’t compare A world wide pandemic… and tariffs…
Tariffs literally have no direct affect on the used cars market …
Google is free bro… I was born before the 2000s it’s not hard to research what affects the car market and if tariffs will actually have any affect on used cars…
Saying but but covid… yeah you just don’t know what you’re talking about period…
Again google is free I’ll even help you out here
Copy and paste this
Will tariffs affect the price of used cars….
Copy pasty and reply to me when your done
Thanks for wasting my time
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u/zeeper25 17h ago
so new car prices are expected to rise, but used car prices won't.
I understand your position, I just think it is completely wrong.
Time will tell, if Crazy Donald doesn't reverse his tariff positions within the next week (which is as likely as not), then we will have a test of your theory, and mine, and there will be an obvious result.
I mean, obvious to anyone who lived through Donalds first reign of terrible.
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u/caterham09 2d ago
This is obviously concerning but the scale on this graph is absolutely tiny so it's hard to say exactly how much of an impact it will have, at least initially.
I'm guessing it's going to take a few months before we actually see noticeable pricing increases
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u/98Saman 2d ago
Correct but the jump is big considering it’s only been 24 hours and this is used index. I would say things going to be very ugly post summer if tariffs stay in place.
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u/thnk_more 2d ago
It’s only $300 out of $27,000. I.e., 1%.
People already know this is going to affect the used market so yeah, it’s getting baked in to prices already. I have a car with a blown engine where the repair ROI was questionable. Today I’m confident it will be worth it with the market going up.
That’s my silver lining to the world burning and the next 10 years it will take to dig out of the trump-cession.
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u/JWAdvocate83 2d ago
— Until parts get hit with a separate too, on May 3, which will trickle down into more expensive repair costs.
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u/thnk_more 2d ago
Oh it’s definitely going to get a lot worse. My point is the graph scale is very exaggerated.
Parts are going to be more, and due to this uncertainty even if this gets “fixed” companies are going to look elsewhere for customers and charge a premium to deal with the US since we are so unstable now and into the future.
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u/MaverickTopGun 2d ago
This graph still shows the largest price change in the shortest time interval in the last 6 months. It is significant.
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u/Pretend_Ad4847 1d ago
With tariffs now in place new car prices are likely to rise, but the impact on used car values is less clear. The used car market is influenced by supply and demand, and while some used car prices might increase due to the scarcity of new cars, the tariffs themselves are unlikely to directly increase the value of a used cars…
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u/zeeper25 21h ago
said the same thing just above. I already made fun of it, do I really have to do that again already?
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u/zeeper25 21h ago
It only took a couple of months of Tesla's customer base deciding NAZI was a bridge too far (and for them to shop other brands) for them to start cutting their prices...
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u/Diligent_Hawk_8212 2d ago
Time to use public transit
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u/airblizzard 2d ago
If we renamed the CA High Speed Rail the Trump Train do you think he would fund it?
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u/aRandomGoogleProduct 2d ago
This is completely untenable for at least half of America
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u/zeeper25 21h ago
surprise, just over half of voters (if we are to believe Elon's Starlinks transmission of the election results) voted for this (but I agree, due to many people who don't bother to vote, or vote for third party Putin picks like Jill Stein, its more like ~33% of the country voted for this)
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u/p-adic 2d ago
That's me, but most people don't live in a city where they can. Walking distance from gym, grocery delivery, easy bus to shuttle spot where my company picks me up to take me to work. If I had a car, I would drive at most 1k miles per year anyway. Even at old prices, seems like a waste of money to pay insurance and depreciation for that.
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u/p-adic 2d ago
Yes, this is correct. The Mazda dealership near me has a 2022 Mazda3 with high mileage on it. It dropped from $20k or so down to $18.5k by March. Up to $19.5k a few weeks ago due to tax season. Up to $20.5k on Monday (1 day after tariffs announcement).
Keep in mind this has been on the lot for 4-5 months and NO ONE has bought it. It does not need to cross any borders, it is already in the United States.
Dealers will use this as an opportunity to fuck you over.
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u/Pretend_Ad4847 1d ago
With tariffs now in place new car prices are likely to rise, but the impact on used car values is less clear. The used car market is influenced by supply and demand, and while some used car prices might increase due to the scarcity of new cars, the tariffs themselves are unlikely to directly increase the value of a used cars…
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u/p-adic 1d ago
I already told you. Greedy dealers will use it as an excuse to raise prices. You don't raise the price of a car you already couldn't sell.
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u/Pretend_Ad4847 18h ago
You understand the concept of what price gouging is? Because I don’t think you do
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u/Relative-Tone-2145 2d ago
Cool. My net worth just went up.
Not so cool since I was wanting to get a different car next year.
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u/Brainfewd 2d ago
Right? I was about to consolidate two cars and a bike into one nicer daily. I’d love to sell those things while the market is (potentially) higher, but then I just get fucked on a replacement.
I work in manufacturing and I’m not trying to get caught with a payment or anything right now, who knows what could happen.
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u/Relative-Tone-2145 2d ago
I'm hoping for the best, but prepared for the worst. I'm on the logistics side in manufacturing. It'll be interesting to see what happens.
Honestly, I should keep my car once it's paid off, but I'm itching for something fun.
(Not venturing to be political in the least bit. Just commenting on current events. I prefer my politics and cars to be separate.)
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u/Brainfewd 2d ago
100% agreed. My current fleet is totally paid off, but I could easily dump about 3-4k on some repairs and preventative maintenance things right now. If I combined that 3/4k + the value of selling them, I’m into a pretty decent F150 or similar for a daily. (Need a truck, I plow my driveway in winter and tow my project car around). But idk, that’s a lot of moving parts to make something happen at this moment.
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u/Relative-Tone-2145 2d ago
Having a pickup around is so handy. You might consider getting an inexpensive one and keep one of your more reliable cars.
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u/Brainfewd 2d ago
One of the fleet is already a ram 2500 with a plow. I could never give up a truck totally. It’s just at the point where I either dump some money into it, and run it 100% into the ground, or I move onto something else while this still has a little value on the market. I have no problem with the work, I used to be an auto tech. It just comes down to time. I have a daily car, the truck, a fun car, the bike, and my wife’s car to take care of, on top of the house projects and the like.
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u/Relative-Tone-2145 2d ago
Life definitely gets busy! Sounds like you have a pretty nice mixture though!
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u/Correct_Highlight222 2d ago
Lol figures, right when it's trending down to where it's supposed to be (natural economic levels)
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u/Pretend_Ad4847 1d ago
With tariffs now in place new car prices are likely to rise, but the impact on used car values is less clear. The used car market is influenced by supply and demand, and while some used car prices might increase due to the scarcity of new cars, the tariffs themselves are unlikely to directly increase the value of a used cars…
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u/NoShrinkingViolet007 2d ago
So sell used car now or wait?
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u/SmokeyUnicycle 2d ago
Wait, it's not likely to get cheaper any time soon and it'll probably be worth a good deal more
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u/touchmybodily 2d ago
Buy car now, wait to sell your car until the full reality has set in. Big brain stuff
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u/Sabotagebx 2d ago
Time to sell my 05 Civic baby. 100k miles only
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u/exoclipse van enjoyer | 2022 kia carnival | 2010 mazda3 2d ago
no lowballs you know what you got
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u/millerjpm3 2d ago
Knew it!
This is going to be worse than the chip shortage a few years ago. I hope no one is the market for anything 😬
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u/Southern-Basket-7343 1d ago
Yep. Can confirm I have some old car model that I wanted to sell a few weeks ago. Was quoted 1.9k, but that jumped to 3.2-4.3 depending on which website used. Fair to say that car prices across the board are going to go way up due to these tariffs. The question is, do they go higher or is the market just in a total panic right now?
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u/Past-Apartment-8455 2d ago
This is also the target high months for the used car world which yearly, decrease supply and increases cost. That has more to do with tax refunds hitting about now.
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u/HuskyPurpleDinosaur 2d ago
LMAO, 1% change after nonstop MSM efforts to incite panic? Thats within margin of error.
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u/Assistant-Unable 2d ago
was planning on getting a new honda at the end of this year, that plan was destroyed by the price increases coming up...
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u/Pretend_Ad4847 1d ago
With tariffs now in place new car prices are likely to rise, but the impact on used car values is less clear. The used car market is influenced by supply and demand, and while some used car prices might increase due to the scarcity of new cars, the tariffs themselves are unlikely to directly increase the value of a used cars…
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u/Shipping_Line6 1d ago
It went up 0.1%?
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u/Wonderful_Benefit_2 1d ago
So dealers are raising their prices and telling customers to buy now before they are raised even more.
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u/Curious_kitten129 1d ago
All the used cars I was looking at a couple weeks ago are now a minimum of $1k more expensive as of a couple days ago. Luckily I bought mine the first week I was looking.
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u/Toast9111 2d ago
I still see price cuts. This data must be like median home prices for the ENTIRE united states. It is really just shitty data that is only baseline and doesn't have a lot of meaning.
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u/Pretend_Ad4847 1d ago
With tariffs now in place new car prices are likely to rise, but the impact on used car values is less clear. The used car market is influenced by supply and demand, and while some used car prices might increase due to the scarcity of new cars, the tariffs themselves are unlikely to directly increase the value of a used cars…
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u/Toast9111 1d ago
- Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States.
- For Canada and Mexico, the existing fentanyl/migration IEEPA orders remain in effect, and are unaffected by this order. This means USMCA compliant goods will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff. In the event the existing fentanyl/migration IEEPA orders are terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff.
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u/Wonderful_Benefit_2 1d ago
Amazing. Used car lots all over the country have instant feeds to carbuy on every sale so that the numbers are updated in real time. Those lots and carbuy must have amazing tech, far beyond most corporations and governments.
Even more amazing is the invisible connection between policy announcements and sales prices, such that buyer and seller behavior is not a factor, but simply the declaration of a trade policy.
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u/exoclipse van enjoyer | 2022 kia carnival | 2010 mazda3 2d ago
donald trump just money shifted the whole ass economy