The Iced Coffee Hour

“Car Values Are Plummeting!” Doug Demuro Exposes MASSIVE Price Cuts, Deals, & Ripoffs in 2025

22 snips
Jan 5, 2025
Doug Demuro, an automotive journalist and CEO of Cars & Bids, dives into the decline of car values post-pandemic, exposing how dynamics like EV incentives and market shifts are reshaping ownership experiences. He discusses which models are losing appeal and offers insights on the best investments for car enthusiasts. With a focus on practical choices for everyday drivers, Doug also highlights the best low-maintenance vehicles and reflects on the future of self-driving technology, revealing both challenges and exciting innovations in the automotive landscape.
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INSIGHT

Car Market Changes

  • The 2021 car market peak saw high demand, low supply, and cheap financing, driving prices up.
  • Currently, increased supply, expensive financing, and decreased demand have lowered prices.
ADVICE

Dealing with Decreased Car Values

  • If your car's value has dropped, provide sellers with market comparisons from various sources.
  • Explain that clinging to past values won't reflect the current market reality.
INSIGHT

Future of Car Market

  • Car enthusiasts are frustrated by the inability to profit from cars, but depreciation is normal.
  • The market is returning to normal, with most cars depreciating instead of appreciating.
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