Used Car Prices Are SKYROCKETING! (Gonna Need a Bigger Budget!)

What In The World Is Going On?!

Alright team MrBeast here and today we're not giving away Lambos (yet!). But we ARE talking about cars specifically used cars. And guess what? The price is WRONG! (Price is Right reference you get it?). Cox Automotive's Manheim Used Vehicle Value Index just dropped a bomb – used car prices are up 4.9% compared to last year! What the heck is going on?! Is this like when Chandler tried to give everyone a million dollars on Friends? Chaos!

Tariffs: The Silent Price Booster

Apparently these tariffs are the sneaky culprits. See even though these tariffs of 25% on new imported cars don't directly impact used car sales they're messing with everything else. New car prices go up production gets weird and suddenly everyone wants a used car. Classic supply and demand! I could buy a whole island with this kind of economic shift. It's like when I offer 100k to someone everyone wants to participate.

The Spring Bounce That Wouldn't Quit!

Jeremy Robb from Cox Automotive says this "spring bounce" just kept bouncing! Normally it ends in the second week of April but this year prices kept going up all month. That's like when I try to stop filming a challenge but the participants keep going! "We expected to see strong price appreciation in response to the tariffs and that's exactly what came." said Jeremy. Well that's not ideal for our wallets is it?

Retail vs. Wholesale: The Price Disconnect!

Here's where it gets even crazier. Wholesale prices are going up but retail prices aren't dropping as fast. So dealers are paying more but you're not necessarily seeing those savings... or lack thereof. Retail used vehicle sales in April were down 1.7% compared with March but higher year over year by 13%. What the heck is going on?! Somebody do something.

Twenty Five Grand?! Are You Kidding Me?

The average retail listing price for a used car is now over $25,000! You could buy SO many Feastables with that kind of money! Seriously you're getting close to new car prices which are nearly $48,000. Remember content is king. So subscribe to my channel and maybe I'll do a video where I buy everyone a used car...or maybe just give one person 50 of them. Who knows?!.

Is It Gonna Crash or What?!

The Manheim index is still below the crazy highs of the pandemic but it's still higher than pre 2020. So what does this all mean? I have no clue! I make YouTube videos! But Cox says prices were stabilizing... guess not anymore! Maybe I'll just stick to giving away cash. It's simpler. Until next time remember to subscribe and stay awesome and keep buying your feastables and wish for better used car prices!