IPD sale XeMODeX - Experts in Volvo Electronics
Did you know? 🤔
Logged in users can get email notification of topic replies Log in or register (free).
Amazon Link Buy anything with this and it helps MVS!

This summer, used Volvo prices will go...

Come on in, introduce yourself and say hi! List Volvo events here. Have a hot Volvo? Show it off here.

This summer, used Volvo prices will, *compared to last summer as a baseline*, go...

Poll ended at Mon Apr 06, 2020 10:43 am

40%+ up
0
No votes
30% up
2
6%
20% up
3
9%
10% up
2
6%
remain the same
11
32%
10% lower
6
18%
20% lower
7
21%
30% lower
2
6%
40%+ lower
1
3%
 
Total votes: 34

User avatar
abscate
MVS Moderator
Posts: 21081
Joined: Sun Feb 17, 2013 5:54 pm
Year and Model: 99T5 ,99S70,2005V70
Location: NYC, ALBANY NY
Has thanked: 317 times
Been thanked: 982 times
Trinidad & Tobago
abscate

Re: This summer, used Volvo prices will go...

Post by abscate » Tue Apr 07, 2020 1:44 pm

I just got word my insurer will refund my premiums for some period of time. Allstate is publicly saying this, too.

Hold off on those revisions - you might do even better
Empty Nester
A Captain in a Sea of Estrogen
1999-V70-T5M56 2005-V70-M56 1999-S70 VW T4 BMW
Link to Maintenance record thread
Link To Volvo Glossary

User avatar
E Showell
Posts: 3077
Joined: Thu Oct 16, 2008 4:00 pm
Year and Model: V70R '06 AWD Auto
Location: Long Valley, N.J.
Has thanked: 13 times
Been thanked: 67 times
United States of America
E Showell

Re: This summer, used Volvo prices will go...

Post by E Showell » Tue Apr 07, 2020 5:02 pm

Doubtful. I don't use a major national insurer.
'98 V70 NA FWD 5 spd, silver sand metallic (sold)
'99 V70 NA FWD Auto, dark blue (actively for sale)
'99 S70 NA FWD Auto, black (sold and resurrected -- Don't cry for me Argentina . . . )
'07 S80 3.2 FWD Auto, Barents Blue Metallic
'06 V70 R AWD Auto, Sonic Blue Metallic
'04 XC70 Ruby Red Metallic
'95 855 auto (sold)
'86 245 manual (sold)

User avatar
CSDentonTX
Posts: 50
Joined: Fri Nov 08, 2019 11:22 am
Year and Model: 1995 960 Sedan
Location: North Texas
Has thanked: 56 times
Been thanked: 4 times
United States of America
CSDentonTX

Re: This summer, used Volvo prices will go...

Post by CSDentonTX » Fri Apr 10, 2020 8:09 am

Speaking of driving mileage, I have been driving the '95 much more than I want. I have to support all the work at home folks in a financial and insurance. I usually ride the train, but the schedule has been cut back and it's a little weird riding with all those people now. The Honda needs some work (clunking on takeoff and shifting--I think it's an engine and/or transmission mount problem, and it looks like a rough job that I'm not sure I want to do, especially if that's not really the problem). So I'm driving the 960. I'm putting 40 miles commute day now on a car that has averaged less than 5,000 a year for the last three.

As far as insurance goes, when I talked to my agent a number of years ago because I was only driving 8-10k on the Honda a year, he said I had to get to under 3k a year to get a discount. Of course, that's not now.
1995 Volvo 960 Pearl Red 418-2
88,100 miles, "Sunday Driver"
Texas, USA

Image

User avatar
matthew1
Site Admin
Posts: 10479
Joined: Sat Sep 14, 2002 11:03 am
Year and Model: 850 T5, 1997
Location: Denver, Colorado, US
Has thanked: 567 times
Been thanked: 219 times
United States of America
matthew1

Re: This summer, used Volvo prices will go...

Post by matthew1 » Mon Apr 13, 2020 11:57 am

These users thanked the author matthew1 for the post:
CSDentonTX
Help keep MVS on the web -> click sponsors' links here on MVS when you buy from them.
Also -> Amazon link
. Click that when you go to buy something on Amazon and MVS gets a kickback.

1997 850 T5, MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace [gone]
2004 V70 R [gone]

Image

User avatar
E Showell
Posts: 3077
Joined: Thu Oct 16, 2008 4:00 pm
Year and Model: V70R '06 AWD Auto
Location: Long Valley, N.J.
Has thanked: 13 times
Been thanked: 67 times
United States of America
E Showell

Re: This summer, used Volvo prices will go...

Post by E Showell » Mon Apr 13, 2020 12:30 pm

Not exactly shocking article. I'm guessing parts prices may rise due to curtailed production and a disrupted supply chain. Also, as more people are without work and have time on their hands, they may start attempting to do their own repairs. I'd expect parts prices to increase over the coming months.
'98 V70 NA FWD 5 spd, silver sand metallic (sold)
'99 V70 NA FWD Auto, dark blue (actively for sale)
'99 S70 NA FWD Auto, black (sold and resurrected -- Don't cry for me Argentina . . . )
'07 S80 3.2 FWD Auto, Barents Blue Metallic
'06 V70 R AWD Auto, Sonic Blue Metallic
'04 XC70 Ruby Red Metallic
'95 855 auto (sold)
'86 245 manual (sold)

Phainein7
Posts: 120
Joined: Sun Dec 22, 2019 7:10 pm
Year and Model: 1993 940
Location: East of Rockies
Has thanked: 1 time
Been thanked: 6 times
United States of America
Phainein7

Re: This summer, used Volvo prices will go...

Post by Phainein7 » Sat Apr 25, 2020 7:39 pm

matthew1 wrote:
Fri Mar 27, 2020 12:38 pm
Just normal, everyday used Volvos.
Buyers can get a deal on new, used cars — but it won't last long

If you're considering a new or used car purchase, now may be the time to get a killer deal as the auto industry creeps out of the coronavirus shutdown and ramps up in the next month or so, industry experts say.

That's the good news.

The bad news: If you have a car to trade in, you won't get as much for it. Wholesale used car values have plummeted and likely won't fully recover until later this year.
================================


Used-car market in ‘strange moment' - Retail used-vehicle sales and wholesale auction volumes have plunged. Vehicle values are down significantly in the span of just a few weeks. It's left dealers wrestling with how to handle trade-ins and at what volumes to stock their lots in the coming weeks.
.
.

User avatar
smacknab
Posts: 277
Joined: Wed Sep 25, 2019 4:23 pm
Year and Model: 99 s70 NA Manual
Location: Boston
Has thanked: 58 times
Been thanked: 12 times
United States of America
smacknab

Re: This summer, used Volvo prices will go...

Post by smacknab » Sat May 23, 2020 12:49 pm

https://jalopnik.com/hertzs-late-night- ... 1843628287

With Hertz going under and selling their fleet, it seems like that would create even more supply to push down prices.
99 s70 NA m56 - >213k miles

Post Reply