I remember the Great Recession of 2008. Couldn’t sell a v8 powered suv. I had a mint 06 f250 diesel lariat 4wd. Took it to carmax, and they offered me $12k. Sold it in 2011 for $25k.
My point is, gas prices + recession = buyers market. If the stock market sells off 30%, house values drop, and gas remains expensive, we should see a major correction in prices for these vehicles.
That said, if I had 50mil in the bank and bought a ski lodge in Montana, I’d have zero issues dropping $100k on a mint land cruiser. Look at Doug demuro. Dude just dropped $50k on a LC that he can trash while he visits Martha’s vinyard every summer. Great addition to his stable of cars.
My point is, gas prices + recession = buyers market. If the stock market sells off 30%, house values drop, and gas remains expensive, we should see a major correction in prices for these vehicles.
That said, if I had 50mil in the bank and bought a ski lodge in Montana, I’d have zero issues dropping $100k on a mint land cruiser. Look at Doug demuro. Dude just dropped $50k on a LC that he can trash while he visits Martha’s vinyard every summer. Great addition to his stable of cars.