Will the higher 2020 CTR MSRP impact the 17'-19 resale value in a few years?

  1. ems657

    ems657 Senior Member

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    Hey guys,



    Just curious – Let’s pretend it’s year 2023, and you’re shopping for a used CTR. You will likely see the following price range:
    • 2017: MSRP $34.9K (including destination charge) x depreciation % = price 1
    • 2018: MSRP $35.5K x depreciation % = price 2
    • 2019: MSRP $37.2 x deprecation % = price 3
    • 2020: MSRP $40.2 x deprecation % = price 4

    Essentially, the MSRP increased by $5.3K from 2017 to 2020. This means the 2020 model year used cars will be much more expensive. In another word, price 4 is much higher than price 1
    • This higher price would drive more used car buyers to purchase 2017-19
    • This higher demand for 2017-19 would then drive up the used car price (supply and demand theory).
    We normally don't see a price/MSRP hike like this. Hence, I am just curious from a economics and supply/demand perspective. Or maybe you know something similar from the past. Cheers, guys.

    Michael
     
  2. Iilac

    Iilac Spelled with a I not a L for Iilac.

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    Look at the GTR market. Each year brought MSRP increases. Back in 07, their MSRP was around 60k, now they have a MSRP for over 110k. I believe that the early GTR models kept their value for some time until the later models were updated significantly to make them more desirable to people and their values dropped. I assume with the limited changes to the 2020, it will increase and not decrease the resale value of the 17-19 models.
     
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  3. Noize

    Noize Senior Member

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    Golf R options jumped similarly. The result is the more expensive later ones are worth more.

    The days of ADM and preposterous pricing have cooled on the CTR. You can get an unsold 2019 for $1000 off MSRP with ease at this time, due to high production numbers.
     
  4. VashR547

    VashR547 Senior Member

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    Not in California
     
  5. Noize

    Noize Senior Member

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    Buy out of state and don’t get hosed?
     
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  6. BryanCO

    BryanCO Senior Member

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    I would thinks that the older cars will see slightly less depreciation as there isn’t enough feature differences to justify the MSRP differences. Of course, condition, mileage, etc. is most important.
     
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  7. RedGiant217

    RedGiant217 Senior Member

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    Isn't $40k MSRP still a rumor? :crazy:
     
  8. frodooftheshire

    frodooftheshire Senior Member

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    I really think the older cars are going to hold their value.
     
  9. TypeSiR

    TypeSiR Senior Member

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    As soon as new 2019 inventory is depleted, used prices will have nowhere to go but up. It's down to 444 on cars.com. IIRC, it was around 600 a couple weeks ago. The delayed introduction of MY 2020 is as much a dealer request as it is a Honda corporate decision. Dealers don't like to hang on to more than a couple weeks of inventory. So they're just waiting for 2019 inventory to thin out before shipping out 2020 cars to dealer lots.

    https://www.cars.com/for-sale/searc...NT&sort=listed-newest&stkTypId=28880&zc=20210
     
  10. OneSickFK8

    OneSickFK8 Senior Member

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    The used values are so good because the fools who paid ADMs. I thank you..lol
     
  11. itsmarcowhat

    itsmarcowhat Senior Member

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    17 - 19 MY values will remain strong, I doubt we will see any significant shift.
     
  12. willskiGT

    willskiGT Senior Member

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    Even the early year GTRs have not fallen much. The car was $69,850 at introduction in 2008 (2009MY) and 2009s without crazy mileage are still in the high 40k to low 50k range. That's only 3% depreciation per year. Those are GT3 / aircooled Porsche numbers.

    The early cars may not depreciate as quickly because of the higher MSRP of the 2020s, but I don't think you'll see any kind of increase in value.
     
  13. spyder57

    spyder57 Senior Member

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    Where is everyone getting this 40K MSRP number from? Honda hasn't said anything about it yet there's been a massive amount of parroting based off of nothing.
     
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  14. LURK-R

    LURK-R Senior Member

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    Probably because of MSRP trend over the years:
    • 2017: MSRP $34.9K
    • 2018: MSRP $35.5K
    • 2019: MSRP $37.2K
    If you had to guess, what do you think MSRP on the MY2020 will be?
     
  15. slowride

    slowride Senior Member

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    ADM has no bearing on used prices. Demand and production numbers do. People who paid ADM threw that money in a barrel and lit it on fire, because the second that car left the lot it was worth less than MSRP.

    As supply drops and years wear on, that is where value may hold or appreciate, but it will take a long time to realize that.
     
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