Episode 33

full
Published on:

5th Jan 2023

Used Car Price Predictions and Automotive Bucket List Items for 2023

00:00 - OPEN: Used Car Price Predictions and Automotive Bucket List Items for 2023

Today we are going to cover three main items on the podcast:

  • Where used car prices are going to go in 2023.
  • How to maximize what you might pay for your next used car
  • Items you should cross off your automotive bucket list in 2023.

00:45 - USED CAR PRICES AND WHERE THEY ARE GOING

  • Inflation and high prices for new and late-model used vehicles will persist in 2023
  • Prices for driver-quality used cars should flatten out and eventually start trending down later in 2023 and into 2024
  • Sellers of used driver-quality cars will try sell their cars for more money earlier in the year until they realize prices are dropping
  • If you are selling a car in 2023, you will have to work harder at marketing your vehicle to get the highest sale price

03:30 - HOW TO GET THE MOST USED VEHICLE FOR THE MONEY IN 2023

  • Review the 5 Essential Rules to Find a Cool Used Car (episode 2)
  • Three of the five rules are most important
  • 1. Know what you want, 2. Be patient and 3. Be ready to buy
  • Great used car deals can be found in late winter and early spring
  • This is when people begin posting their used vehicles for sale
  • Your advantage this time of year is less competition, because many buyers don't begin searching until late spring/early summer
  • If you are selling you will need to work harder to get your price
  • To market your used vehicle most effectively, post clear, in-focus images that show everything, including imperfections
  • This prequalifies & weeds out people who don't want your vehicle
  • If you can't get your price, wait until late spring/early summer to sell

11:30 - EIGHT ITEMS YOU SHOULD CROSS OFF YOUR BUCKET LIST IN 2023

  • Hit the Road! Go on several epic drives in 2023
  • Family Vacation! Take an Interstate road trip with the family
  • Learn to drive a manual transmission car if you can't
  • Teach someone to drive a manual transmission car
  • Buy a manual transmission car if you don't have one
  • Buy a sports car if you have never had one
  • Buy a vehicle that can take you on epic adventures
  • Buy that convertible you have always wanted - how many summers do you think have left to enjoy driving one?

24:15 - CLOSE

Thanks for listening and please subscribe to this podcast. Also, be sure to catch the next episode, which includes my first used car recommendation for 2023.

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About the Podcast

Better Than New
Find a cool used car, truck or SUV at a price you'll love
The average new car sales price in the US is nearly $50,000, and the average used vehicle sales price is close to $30,000... I think that's insane! Well if you're like me and you don’t want to pay these crazy inflated car prices, I believe you should still be able to drive something fun. That’s the idea behind Better Than New – a podcast to help you find a cool used car, truck or SUV at a price you’ll love.

I’m Gary Crenshaw, host of Better Than New and a long time automotive enthusiast, and I want to inspire car buyers on a budget to think differently about what they can actually afford to drive. My goal is to introduce listeners to the broad array of interesting, fun-to-drive, enthusiast-friendly used cars, trucks and SUVs available at prices just about anyone can afford… vehicles from the 80s, 90s, 2000s and beyond that offer buyers a wide range of interesting choices. Each week we’ll explore a specific vehicle or vehicle category, tell you what to look for and what to avoid, and give you practical tips to help you find your next cool used car, truck or SUV and keep it on the road for years to come.

With a little work, the joy of owning a cool used car at price you’ll love is within reach and this podcast is here to help you find it.

So hop in, buckle up and let's go for a drive!

About your host

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Gary Crenshaw

A lifelong lover of all things mechanical, Gary has spent the majority of his existence driving, dreaming about or wrenching on cars, motorcycles and even the occasional airplane.

It started with mini-bikes and go-karts as a kid, progressed to 2-stroke dirt bikes, followed by his first car… a 1969 Volkswagen Beetle. Then came the Yamaha era with several RD400s, RZ350s and a Canadian RD350LC (should have kept that!). A pilot’s license was next with some memorable hours flying a 1946 Aeronca Champ low and slow around the Pacific Northwest. While in college, his brother-in-law who sold high-end cars hired him to deliver BMW, Mercedes and Porsche vehicles to customers.

Those early experiences led to a lifetime of owning an eclectic mix of interesting used cars, including a ‘65 Mustang GT, a ’72 Datsun 510, a Porsche 914, a Celica Alltrac Turbo, a Mini Cooper S, a couple of Miata’s, two Audi S4 Avants, a Galant VR4, a Fiat 850 Spider, a 1983 Subaru 4x4 GL wagon and a first gen RX-7, along with dozens of daily driver cars and SUVs from Acura, Honda, Toyota and Mazda. And his favorite? Depends on when you ask, but that distinction likely goes to the Mazda RX-4 station wagon he learned to drive in. That fun-to-drive car combined Gary's passion for wagons, rotary engines and manual transmissions all in one.

So what about you? Which used car, truck or SUV would you love to own? Let’s find it together!