COVID + high fuel prices. How much is my car worth?

[redpoint5]

I keep thinking sell now, and make purchases sometime in the future when prices fall back to normal. Thing is, there's no telling if this inflation is temporary, or baked in. Deflation is uncommon and generally avoided because it's worse than slight inflation.

While I was hoping prices would go down, I'm increasingly doubting they will do so. Once you start paying kids $18/hr to work at McDonalds, they aren't going to accept working for $10.

[rmay635703]

Originally Posted by Isaac Zachary

I couldn't find a Bolt in the entire state of Colorado.

Charging is a 20A 120V outlet, with the possibility of a 40A 240V EVSE again, although I have the suspicion I might move some day somewhere with less of a chance of having a level 2 EVSE. Let's just hope I don't.

But there is a free 4 hour 6kW EVSE station that practically nobody uses in walking distance of my job.

That is because all 16000 of them are in lots like this

https://www.chevybolt.org/threads/fo...t-1-euv.43200/

That lot alone could increase inventory by 50%, gotta wonder when they will sell ?

[freebeard]

redpoint5 -- Bake in. The most one can hope for is a decreasing rate of increase.

[cRiPpLe_rOoStEr]

Then, maybe as important as the profit someone would expect to make selling a car right now, is if a suitable replacement could be affordable. And with current fuel prices, and the taxation in some countries favoring more austere cars, sometimes it would be actually more expensive to "downgrade" from a less fuel-efficient model to an otherwise cheaper econobox.