Quote Originally Posted by Greg@BergeFord View Post
He is a fine example, I was watching the Adesa Auto Auction live today with my used car manager. A 2008 Navigator white 12k 4x4 w/ DVD and Nav sold for $29000 and a black one sold for $28,600. These are $50k vehicles that were sold 12 months ago. A 2008 V6 Mustang coupe base 15k sold for $12k. Almost 1/2 of what the sold for new 12 months ago. The entire market is being affected. Currently you can purchase a new F150 Supercrew that has a MSRP of $36000 for $24500!
I believe those are wholesale prices.....at a dealer only auction. I've been to that auction a few times and it's absolutly crazy in there..

That $29K Nav will be on a lot for $39K a week later...