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Automotive
CarGurus Used Car Price Index
CarGurus price history and what it means.
Anyone here sell a car directly to cargurus?
Any experiences selling to CarOffer/CarGurus and getting paid via check?
How is the used car market?
How much does a used car cost?
What should I look for when buying a used car?
A great used car is one that's in good, safe condition and that fits your budget and your needs. Shoppers can help ensure the former by having potential purchases inspected by an independent mechanic, while the latter will depend on various details related to the buyer's finances and lifestyle. See our article, What to Look for When Buying a Used Car, for more information, including what laws exist to protect consumers during and after a vehicle transaction.
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There is a car listed on CarGurus and the price history is as follows:
Current asking price: $42,990
4/22/2024: $45,390
3/15/2024: $45,990
2/28/2024: $46,990
Can I interpret this to mean that this dealer had at least 4K of "wiggle room" on the price back in February?
If I had gone to this dealer on 2/28/2024 and said: "I'll buy it today for $42,990." would I have been laughed at because my offer was thousands below the current ask?
If I had purchased this car on 2/28/2024 for $46,990, doesn't this prove I would have overpaid by $4K and so asking for thousands off the listed price of a used car is a legitimate request?
I mean fast-forward less than 2 months and here they are willing to sell it for 4K less.
This isn't an isolated case. I see this quite frequently.
Just curious as to what the thoughts are on this.
Edit to add: This is a used vehicle.