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Old 12-09-2013, 12:53 PM   #28
doc7000

 
Drives: 2004 Pontiac Grand Prix
Join Date: Oct 2010
Location: Lomita,CA
Posts: 806
Since you mentioned used prices I think it is funny this resale value thing as it is a double edged sword.

My friend is complaining that the resale value on the 5th generation Camaro is too high as used ones are still not in his price range. They got use to low resale value and was hoping that he could soon get a 5th Generation V-6 Camaro for less then $10,000. I did a search in my area and found a used 2010 LT Camaro with 52,000 miles on it for $18,000 still. This is a car that is in its 5th model year and values are still holding really strong, I believe LT Camaros were something like $26,000 new in 2010 (maybe $25,000). That would mean that with 52,000 miles this car has only lost $8,000 in value over a 5 year period. In other worfds after 5 years this car has retained 70% of its value......
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