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Used F-150 values skyrocketing, what's going on?

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Old 08-05-2020, 02:20 PM
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Default Used F-150 values skyrocketing, what's going on?
For sh*ts and giggles, I looked up trade in value for my 2020 Platinum 701a FX4 on Edmunds. Clean TIV came back at 55k!
I assume this is temporary? I've never recall seeing trade in values for F-150 ever being this high!
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Old 08-05-2020, 02:28 PM
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After seeing this, I checked KBB and my trade value is up about $3k from where it was earlier this year. Interesting considering all of the awesome finance deals that are being offered right now as well as new body style coming out soon.
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Old 08-05-2020, 02:33 PM
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It's because of a shortage of new vehicles due to the "pandemic".
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Old 08-05-2020, 02:35 PM
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Originally Posted by Stingray Steve
It's because of a shortage of new vehicles due to the "pandemic".
So definitely temporary...
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Old 08-05-2020, 02:41 PM
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So... unless you have an offer from someone to buy it for that much don't hold your breath. Its only worth what someone will pay.
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Old 08-05-2020, 02:44 PM
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Originally Posted by Danengraham
So... unless you have an offer from someone to buy it for that much don't hold your breath. Its only worth what someone will pay.
Thanks Captain obvious
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Old 08-05-2020, 05:56 PM
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Originally Posted by PlattyPoo
So definitely temporary...
Is it though?
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Old 08-05-2020, 06:09 PM
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Just for the heck of it, I asked Carvana and Carmax what they would give me for my 2016. I went through the questions pretty quickly but should be pretty close to accurate answers. I can't find my paperwork so I don't remember what I paid for it 3 1/2 years ago.

Carmax $29,200
Carvana $36,336
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Old 08-05-2020, 06:17 PM
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There is a significant shortage of all used autos! Check WSJ for article on subject.

Sort of a guessing game as to how long it lasts.
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Old 08-05-2020, 06:41 PM
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Originally Posted by mikemtn
Just for the heck of it, I asked Carvana and Carmax what they would give me for my 2016. I went through the questions pretty quickly but should be pretty close to accurate answers. I can't find my paperwork so I don't remember what I paid for it 3 1/2 years ago.

Carmax $29,200
Carvana $36,336
I've had it for 2 1/2 years with 12,000 miles on it. It needs a thorough detailing but the only thing that I know of that's wrong with it I let the shrubs grow out over my driveway and the B-pillars are scratched. Wonder how much that would hurt me?
Oops, I've had it for 3 1/2 years.
Last edited by mikemtn; 08-05-2020 at 09:03 PM.
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