So has the used market finally dropped dramatically?
#141
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Garage Queen Rescue (01-11-2024)
#142
And inflation numbers are out for December and guess what…CPI is up significantly over last
month. Core is slightly down but as I stated on this thread many times, inflation is sticky and we are nowhere near claiming victory or guaranteed a soft landing. This means high rates for a longer period to continue to degrade the economy and drive down inflation.
The feds are dying to cut rates and get involved in the election. We will see if they stick to the 2% inflation goal or cave to political pressure.
month. Core is slightly down but as I stated on this thread many times, inflation is sticky and we are nowhere near claiming victory or guaranteed a soft landing. This means high rates for a longer period to continue to degrade the economy and drive down inflation.
The feds are dying to cut rates and get involved in the election. We will see if they stick to the 2% inflation goal or cave to political pressure.
The following 2 users liked this post by stratplexi:
Garage Queen Rescue (01-11-2024),
s-glide76 (01-11-2024)
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Stiggy (01-11-2024)
#144
I bought a new 2023 in December and also sold my 2010 at the end of December. It worked out that the right buyer came around for my 2010 but I did have to lower the price and was prepared to sit on it if I had to. I got less than my original price but I think a fair price on both sides of the sale. A lot of the bikes for sale are still trying to get COVID prices.....COVID is over and the used market value is down, no doubt. Trade in values were also dismal, the dealers don't want used bikes, as has been stated lots of bikes sitting on the dealer floor.
#145
#146
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