Used FiST prices are way up

[jeff]

I tend to keep an eye on what my cars are worth year to year, and this is probably true of all used cars in this economy, but I was surprised today to find my Fiesta books for a good bit more than it did about a year ago. A year or so ago it was worth, according to KBB and NADA, around $13,000. Today they list it at $16,900 and $15,600 respectively. Which is crazy because I paid $19,500 for it nearly 6 years ago.

So, in essence, ~$3000 of depreciation in 6 years for a Ford economy car. That's super low.

 

[TyphoonFiST]

I tend to keep an eye on what my cars are worth year to year, and this is probably true of all used cars in this economy, but I was surprised today to find my Fiesta books for a good bit more than it did about a year ago. A year or so ago it was worth, according to KBB and NADA, around $13,000. Today they list it at $16,900 and $15,600 respectively. Which is crazy because I paid $19,500 for it nearly 6 years ago.

So, in essence, ~$3000 of depreciation in 6 years for a Ford economy car. That's super low.

The Rarity of the FiST and unavailability of the infamous "computer chips" has made used car prices go into the stratosphere. I'm ok with this though!

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[Mikey456]

I’m curious if that has to do with Ford pulling out of the car market more than anything else. The Focus ST/RS is probably having a similar upward price trend. Some people forget how practical and affordable hatchbacks are.

 

[XR650R]

Used-car prices just saw their biggest monthly price increase in at least 68 years, UBS estimates

https://www.businessinsider.com/used-car-prices-saw-their-biggest-monthly-price-increase-ubs-2021-5

 

[Ford ST]

It's not just the car. Used car prices are insane right now absolutely nuts.

The car is is definitely part of the equation but it also has to do with how crazy used car prices are.

I don't know about y'all but my grocery bill is up about 20% as well.

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[skold]

Holy Schnikie, I sold Carvana my 2018 Focus SE a few months ago for what I thought was a good deal. I just checked again and they are offering $2k more for it now and the same as what I paid for it new OTD. CRAZY!!!

 

[gtx3076]

Holy Schnikie, I sold Carvana my 2018 Focus SE a few months ago for what I thought was a good deal. I just checked again and they are offering $2k more for it now and the same as what I paid for it new OTD. CRAZY!!!

I pass a used car lot every day that has newer/nicer cars. It's half empty.

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[akiraproject24]

Also the 6 trillion in USD created and dumped into existence over the last 100 days or so is doing a number on assets. Except for gold and silver. Oddly and expectedly....they are smashed down off of every run up they attempt to make.

 

[CM9000]

that damn stimulus... but hey, i cant complain. i was able to get a decent house and a FiST this year all within 3 months.

 

[Dpro]

Also the 6 trillion in USD created and dumped into existence over the last 100 days or so is doing a number on assets. Except for gold and silver. Oddly and expectedly....they are smashed down off of every run up they attempt to make.

Assets are getting hammered because of false inflation fears .
https://www.forbes.com/sites/george...n-scare-doesnt-match-reality/?sh=3b9a35b61049

Oh and my car KBB’s at the price I paid for it.

 

[Ford ST]

I just know the cost of living is getting a lot more expensive real fast.
Inflation is a overused word. Cost of living is what people need to focus on.


https://www.google.com/amp/s/fortun...-why-is-college-health-care-so-expensive/amp/

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[iammacey]

It's definitely across the board. All used cars are in a bubble. The FiST seems to do even better than some given the lower cost of entry/MSRP. Unlikely to last, and cool to see, I just have no intention of getting rid of the car.

 

[XR650R]

Assets are getting hammered because of false inflation fears .
https://www.forbes.com/sites/george...n-scare-doesnt-match-reality/?sh=3b9a35b61049

Oh and my car KBB’s at the price I paid for it.

If you want to sell your FiST, now is the time.
If you like it, don't sell it. Turns out these are pretty rare in the USA.
This is, and will always be a cult car. It's worthy of that status. It has no competitor here. Abarth? Please...
Ford Performance did an outstanding job of making a truly fun hot hatch for the lucky few who even know what that is.

 

[iammacey]

If you want to sell your FiST, now is the time.
If you like it, don't sell it. Turns out these are pretty rare in the USA.
This is, and will always be a cult car. It's worthy of that status. It has no competitor here. Abarth? Please...
Ford Performance did an outstanding job of making a truly fun hot hatch for the lucky few who even know what that is.

Agreed. I shopped VW for the Golf R, looked at the Focus ST/RS, and even considered going back to an STi hatch. I love the presence of the FoRS. Love the interior of the Golf R. I just kept coming back to cost and fun. The FiST checks so many boxes, but the top one is fun to drive.

 

[1.6]

I got it for 12.5k about a year and 4 months ago. Carvana offer for 16.3k Is nice but the car is way too much fun to let go haha.

 

[anticon]

Inflation.

 

[Dpro]

If you want to sell your FiST, now is the time.
If you like it, don't sell it. Turns out these are pretty rare in the USA.
This is, and will always be a cult car. It's worthy of that status. It has no competitor here. Abarth? Please...
Ford Performance did an outstanding job of making a truly fun hot hatch for the lucky few who even know what that is.

Oh I am not selling . I love this fucking car. I might even get another one if I find the right deal. lol

 

[akiraproject24]

Oh I am not selling . I love this fucking car. I might even get another one if I find the right deal. lol

I fear if I found the right white platinum with low miles and recaros.....I might do the same.

 

[jeff]

OK nobody sell your car, keep your Fiesta folks. We'll all be dead soon and within reason I'm driving what I want to drive. And like someone said above, these cars are RARE.

Years ago they were rare but now in 2021 they are becoming moreso for obvious reasons. More are in the scrapyard, none are being made. Most people don't know what my car is. At best they think it's a Focus ST. I see less and less of them on the road.

KEEP IT!!!!!!!!!!!!!!!! Anyone on the fence.....KEEP IT!!!!!!!!!!!!!!! This car is the rebirth of the 1991 SE-R. It is a fantastic and epic machine.

 

[skold]

Agreed. I shopped VW for the Golf R, looked at the Focus ST/RS, and even considered going back to an STi hatch. I love the presence of the FoRS. Love the interior of the Golf R. I just kept coming back to cost and fun. The FiST checks so many boxes, but the top one is fun to drive.

This is EXACTLY how I feel and how I ended up with one, except I had a FoRS prior to upgrading to my FiST.