The pandemic and supply chain impacts from it are still at-work on the auto industry. Car companies can’t make new vehicles fast enough to meet the demand because of a global semiconductor shortage — among others. Production has slowed and can’t meet the demand that started during the pandemic.
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And those highest ever cash offers are being passed right on down to the next buyer which is why I'm having my engine replaced in my F-150 instead of buying another vehicle.
I checked several places for prices on used vehicles and what I found all had over 100,000 miles with an asking price of $30,000 or more. Unfuckingbelievable. I was going to be stuck with a choice of either an outrageous and unaffordable payment for a vehicle that was going to be worn out before it was paid off or rebuilding my engine.
It wasn't a hard choice - the truck I own now isn't in bad shape for being 20 years old, and I had put $5k into it the past couple years between a new transmission and a new fuel pump.
The only problem is that everybody else is rebuilding too instead of buying so there's a wait time of a month or more before my shop can get to it. Hopefully I'll get a call within the next week or two to bring it on in.