Investing in some cars has been more profitable than the stock market, but th...

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Buying a car is wasting money. Just by taking it out of the dealer it loses between and % and sometimes up to % of its value in the first twelve months. That was what we have been told for years to recommend a used car, but in recent times that is no longer the case.

In fact, it is even possible that in the used car market they will maintain and even increase in value. Impossible? Not really. There have always been cars that, due to their interest as a collector, could even increase in value, but also some that, from a certain point of deterioration in value, began to appreciate. But what we have now is widespread.


The used cars that until now have risen in value
Ferrari Gto
That happened until now in markets with high inflation, like Brazil. When inflation was so high that it used to be equivalent to the depreciation of the car, many times for a family buying a car was a way of depositing money, of investing. It did not lose value and could also be used to go from one place to another.

The automotive market is in transition and the sales numbers in confirm it
ON THE SALMON BLOG
The automotive market is in transition and the sales numbers in confirm it
On the other hand we have the revaluation of exceptional cars appreciated by collectors. In , a Ferrari GTO was sold for $ million. In another GTO sold for just over $ million. Both vehicles were of historical impor  Mexico Email List  tance due to the competitions they have competed in, but I would be surprised if the next GTO to be sold does not increase in price.



The revaluation of the used car also applies to more humble collector vehicles that are more within the reach of mortals. For example, Toyota Supras from the last century have revalued, as the owner of one says on his blog.

Land Rover
Also according to the CarVertical vehicle history platform, some cars have revalued between and , the Alfa Romeo GTV ( - ) revalued by %, going from selling for , Euros to selling for , The Audi V ( - ) revalued by %, going from selling for , euros to , euros. The Land Rover Defender ( - ) revalued by %, selling for , Euros to , The Toyota Land Cruiser ( - ) appreciated less, % to sell from , Euros to , Euros on average. And the Volkswagen Corrado ( - ) revalued by %, going from selling for , Euros to selling for ,

But this has been something normal, cars that, due to their characteristics, are very few, are highly desired and there comes a time when they begin to rise in price. But this is not the only thing that happens, and that is...

Since the pandemic the used car market has gone crazy
Toyota Land Cruiser
In December , a journalist from The Verge put his seven-year-old Honda Fit (the model known in Europe as Jazz) up for sale. An algorithm from used car giant Carvana made him an offer he couldn't refuse. If Sean Hollister bought it in December with the extended warranty for $,, Carvana offered him ,, a benefit of dollars and twenty cents compared to the car purchased. It is true that Carvana's Agloritmo was more aggressive, but other websites such as Vroom, TrueCar and CarMax offered him $,, $, and $, respectively. Carvana's offer varied every day, the highest it offered him was $, more than what he accepted.

In the US, manufacturers are offering their customers up to $, for not selling their vehicles in a year, this is the case of Chevrolet and the Corvette Z . You also end up paying more for other models like Tesla's. In Spain, if we want to skip the eleven-month waiting list for a Tesla Model Great Range, we can do so, paying eleven thousand euros more on the second-hand market. And it has not been unusual to hear in conversations, how two or three months after buying a new car, the dealer called to buy it back, for more money.