Originally Posted by KimPossible
Prices on our little babies are going up big time. We just had a 2005 White Roadster with grey interior & 30+k on the clock sell for $13900 at the Ocoee Auto Auction. That is one of the biggest auctions in the world. That is a wholesale price!!! I told my dealer that stayed in the bidding until 13500 that I thought the money was too strong on that one, but it will drive up the MMR on these cars. Black Book & NADA will folllow. I think that prices are going to hold strong on all used cars for at least another year. I won't bore you with all the car biz trends that give me that year mark but I think its pretty solid. I can tell you that the book on my SRT has gone up almost 2k since I bought it June 10, 2011. That is nuts!!
Just from my searching I've seen our beloved cars (and other used cars) prices rebound. My 04 SSB limited coupe eems to be valued at about 1K - 2 more than what I paid for it last year (and that is for higher mileage vehicle than what I have [19K miles]).
BTW, car Biz never bores me........ so I'm always happy to have an experts input on just about anything related.
