Large drop in my Carvana offer????

[RR - All the way]

I ran my 22 Lariat EB to get an updated value. It was $27,000 on December 21st. Yesterday it was 21.6K. Big drop. Not sure if it is because it is now 2025 and the vehicle is now pushing three years old or what. Mileage only changed from 25,424 to 25,715. Wondering if it is because of year change or has market conditions dropped the value that much? Unsure.

Interestingly, on My Ford account they are showing 25.6K as trade in value as of today.

Never seen that much difference!!!

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[MavMeister25]

I ran my 22 Lariat EB to get an updated value. It was $27,000 on December 21st. Yesterday it was 21.6K. Big drop. Not sure if it is because it is now 2025 and the vehicle is now pushing three years old or what. Mileage only changed from 25,424 to 25,715. Wondering if it is because of year change or has market conditions dropped the value that much? Unsure.

Interestingly, on My Ford account they are showing 25.6K as trade in value as of today.

Never seen that much difference!!!

Possibly. Just like how car prices go down if they’re still on the dealer lot from the previous year when the newest model comes out. Makes sense.

I’d recommend that you use CarMax. They will give you more money.

 

[23grayXLT84]

Values change daily.
Let this one expire and do it again.

You can do a CarMax offer online too for comparison.

When I got my 24, I was doing that on my 23 about a month before delivery and had values range +-$3k...ended up selling for more than I paid for it OTD ! had 6k miles.

 

[RR - All the way]

Just wondering if all the 24 XL and XLT models still held up on dealer lots plus Fords capability to produce more 25s has Carvana backing off a little..................

 

[Binar]

My Ram truck lost 5k in the past 10 days 47.5k to 42k carmax value ..autonation is lower, carvana is about there
carmax does bey the better value

 

[MN123]

lol. I sold my truck last month and got 32k for it and now it says its worth 22.5k. wtf??????

 

[Packer Bill]

I just checked trade-in value on KBB 22 Lariat EB AWD...$28,900. This is down about $1000 from 2 months ago. I cannot get Carmax or Carvava quotes in our area.

 

[dhaskit]

CG-ATW,
You are exactly right. Those 24 models being held up for a backup camera issue are now a brand new 1 year old vehicle. It’s obvious that buyers have noticed that the 2025 models prices have increased over the 24’s. When all the 24’s are finally fixed and released for sale & delivery, the dealerships will need to sell them as quickly as possible so you would expect to see discounts on them (24's). Carvana, Carmax and all dealers know this as well. That, in turn, makes your trade-in worth less than it was. Every time a new year model hits, it reduces the value of previous year models of used units, as well as new units that are a year old.

Another thing to note:
IF a factory rebate is offered, it also reduces the trade-in value of all similar units. ie) If I own a 2024 Mav and Ford decides to offer a $1,000 factory rebate on new 2024 Mavs, my used unit would be worth $1,000 less than it was the day before. The same holds true (basically) if I own a ’24 and Ford offers a rebate on a ’25 model. Mine becomes worth less than it was before the rebate offering.

These are all things that you already knew. I realize that it leaves a bitter taste in everyone’s mouth but I assure you that it’s true. What will hurt used values the most for us is when those ‘24s that are being held up finally get released for delivery. Something to consider, my friend.

 

[Jman79]

So, there are a lot of posts in this thread that all seem different ways of saying....

People are remembering that new vehicles are one the worst depreciating assets you can own?

Should we retitle the thread, "Why did it take so long?"

 

[Fcnrwy]

my MY22 XL Eco..
Paid 25,485 (Mid-Dec 2022)
MSRP 22,905
Carvana (early-Dec 2024) 23,600
Carvana (just now late-Jan 2025) 22,600

Jerry

 

[AzureBlueBill]

Lots of factors. It has been brutally cold in most of the country. People just aren't out car shopping. That's just one thing that affects prices.

 

[23grayXLT84]

CG-ATW,
You are exactly right. Those 24 models being held up for a backup camera issue are now a brand new 1 year old vehicle. It’s obvious that buyers have noticed that the 2025 models prices have increased over the 24’s. When all the 24’s are finally fixed and released for sale & delivery, the dealerships will need to sell them as quickly as possible so you would expect to see discounts on them (24's). Carvana, Carmax and all dealers know this as well. That, in turn, makes your trade-in worth less than it was. Every time a new year model hits, it reduces the value of previous year models of used units, as well as new units that are a year old.

Another thing to note:
IF a factory rebate is offered, it also reduces the trade-in value of all similar units. ie) If I own a 2024 Mav and Ford decides to offer a $1,000 factory rebate on new 2024 Mavs, my used unit would be worth $1,000 less than it was the day before. The same holds true (basically) if I own a ’24 and Ford offers a rebate on a ’25 model. Mine becomes worth less than it was before the rebate offering.

These are all things that you already knew. I realize that it leaves a bitter taste in everyone’s mouth but I assure you that it’s true. What will hurt used values the most for us is when those ‘24s that are being held up finally get released for delivery. Something to consider, my friend.

Carvana, CarMax etc use market data of off wholesale auctions, recent retail sales. I highly doubt they consider the whole unsold new inventory. Now once they start selling those 2$s, the data will be considered.

 

[surfstar]

My Carvana value has dropped $3600 since Oct. '24. Not worried b/c I'm keeping this one and have it modded the way a want (mainly adaptive cruise).

There was a time when you could buy and flip a variety of vehicles. It's actually good that it is over.

 

[zen_]

I saw an article a few weeks ago claiming Carvana is guilty of "Enron like" accounting, although the stock is up 16% since then.

https://www.cfo.com/news/why-hindenburg-research-calls-carvanas-accounting-methods-a-grift/737266/

The car market in general right now is in some major turmoil as used prices come down somewhat from the COVID surge, which is leaving a lot of dealers and individuals upside down on loans for cars purchased that have depreciated faster than expected.

Carvana purchased my last vehicle for $8,500, which was only $500-800 less than what I figured I could get for it in a private sale, best case after detailing it, going on test drives, and handling the payment. They still have it for sale at $13,800, which is the same price I paid for it 8 years ago with 80,000 fewer miles. They had it listed for $16,000 to start. I followed it out of curiosity because it really didn't seem like a sustainable business practice, and sure enough it sounds like the whole thing is a bit of a house of cards with inflated prices, and a lot of questionable debt issued selling those cars. I guess it kinda bothers me a bit because it's part of the reason used cars got so expensive.

 

[Scupking]

As of last week Carvana and Carmax would give me 24k for my 22 xlt hybrid. I paid 21k out the door for it after trade in. I went to the dealership with those offers and after going back and forth a little they matched the price minus the tax credit difference of trading in mine. So they are giving me $22,700 for my 22.

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