"fixed" CPO pricing, no wild speculation ?

PacCoastFwy923 said:

This is where it gets interesting. Obviously a dealer should price a used car at or around market value, agree? Well KBB values are artificially over-inflated at the moment, because some prankster has been buying these cars at top dollar.

But surely VW realizes this and will price them at an appropriate discount, no? Because nobody would ever over pay for a two-plus year old car, right?

Any crazy discounting pulls the rug out from under all "new" car buyers they just accommodated. I think it's in their interest to let these trickle out after the "new" inventory dries up, at high prices with great extended warranty coverage and financing, in an attempt to keep their bubble inflated.

Am I being too cynical?

Click to expand...

PacCoastFwy923 said:

Oh, let me clarify that, it reads wrong.

VW is the "prankster" to whom I'm referring. It's the buyback that has reset the book value on these vehicles, due to private party and wholesale sales approaching near buyback pricing.

I don't think the "new" sales to consumers over the past few weeks have any effect on the used pricing -- plus it would be too early for KBB to reflect that data.

Click to expand...

PacCoastFwy923 said:

Oh, let me clarify that, it reads wrong.
VW is the "prankster" to whom I'm referring. It's the buyback that has reset the book value on these vehicles, due to private party and wholesale sales approaching near buyback pricing.
I don't think the "new" sales to consumers over the past few weeks have any effect on the used pricing -- plus it would be too early for KBB to reflect that data.

Click to expand...