Used Civic prices have become crazy

[NFP_Nick]

Hey all - New here on the forum, I personally do not own a Civic, but I am regularly on Autotrader perusing the used market. With 2021 seeing used car prices rise as high or higher than new car prices, I have been curious what the market has been doing to the Civic. Here is a crazy "deal" I found on a used Si for a dealer in my area.

I found this used 2020 Si with almost 16K miles for 40K. This I thought was a scam of some sort, but lo and behold the dealer has it posted on their website, for those who are curious:
https://www.mossbroscjdrriverside.c...Civic+Si-db10c8c40a0e0adf1d3d4d14fd47a2e3.htm

For reference, I found a used CTR on Carvana for less:

I found this VERY interesting, just thought I would share with the Civic community. I would love to hear your thoughts on selling/buying on the used market and what you are seeing out there in regards to inflated used car pricing.

 

[jabberwocker]

This makes perfect sense the 2020 si has a volume nob. The 2018 CTR doesn't. I think this pretty much explains everything.

 

[jlamb30]

The closest Si to me is at Proctor Honda, Tallahassee, FL. Certified 2020 sedan with 2,707 miles for $31,490. Over $5,000 more than I paid for mine new! ?

 

[Deleted member 51112]

"A fool and his money shall soon part." --Thomas Tusser-- wait till next year, prices will drop back to normal...

 

[rwk226]

Once the 2022 Si and Type R come out, the prices on all 10th Gens will drop. I doubt the Type R will drop below $30k used at first, but the Si's will drop closer to $20k pretty quickly. That is, if people turn out liking the 11th Gen and it's worth the upgrade.

 

[Boosted_01_R]

That Type R price seems pretty low, considering the marks ups on the new ones

 

[Velonici]

Used cars in general are crazy right now. I was looking at civics (2019+) in my area and the cheapest one was an LX i think with 80k miles for $20K. I got a brand new EX for $25K. Wasnt a hard choice to make.

 

[SmokeGhost]

used market has been crazy for a few months now.
if your are in a position to sell or trade i would.
i had a 2016 mustang gt with 69k miles and modded. carvana offered me 17k and vroom 19k that was in april. i went to a dealer and was able to get 23k trade for it.
its all crazy take advantage or not, it wont happen again. unless we have another 2020.....

 

[NFP_Nick]

I can't imagine anyone paying 40K for an Si...Sorry, that's CTR territory. I feel bad for the sucker who pulls the trigger on it.

 

[Siiick]

used market has been crazy for a few months now.
if your are in a position to sell or trade i would.
i had a 2016 mustang gt with 69k miles and modded. carvana offered me 17k and vroom 19k that was in april. i went to a dealer and was able to get 23k trade for it.
its all crazy take advantage or not, it wont happen again. unless we have another 2020.....

This. I was able to add another dream car of mine to the stable thanks to these crazy times.

 

[SDAlexander8]

Protect your cars people. This is dealership humor, but if cars are selling for this price, theft will inevitably increase as well.

 

[saz468]

I was at the Honda dealership today to see the 2022 civics they had 2.0 liter no turbo ill wait until they have the hatchback. but in their preowned lot there was a 2018 sport touring hatchback sonic grey with little over 17k on it for 29k. back in 2018 I was looking at a red sport touring it was the same price then but with 7 miles on the OD
a salesperson was trying to get me to trade. Its got to take a lot for me too give up my coupe

 

[Wickedsprint]

Just sold our 2020 Sport Hatch to Carvana. Their offer went up $1600 last week to ~24K. Not counting tax, this is more than we paid 9 months ago.

Gonna wait 6-12 months before we decide what to replace it with.

 

[UltraMK]

I'm so lucky I picked my 2018 ex-t last year at $16k with 29,000 miles on it. Similar cars here are going for around $21-22k a year later. Crazy.

 

[NHCivicGuy]

Just sold our 2020 Sport Hatch to Carvana. Their offer went up $1600 last week to ~24K. Not counting tax, this is more than we paid 9 months ago.

Gonna wait 6-12 months before we decide what to replace it with.

Carvana in years past used to be the highest, but CarMax and Vroom were highest this time around. Carvana was around $22-23k for me, and I sold to CarMax for $27k. Vroom was $27,400. Either way, profit is profit!

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