FlexnLexus

From the looks of things and the way the vehicle market is, new car transaction prices are averaging about $50,000 now and is continuing to rise.

Similar effect is happening in the used car market. As new vehicle inventories are on the decline which is purposefully done to avoid over production from the major automakers, I don’t see used car prices coming down any time soon. This has been the unfortunate effects of inflation and Covid by companies creating artificial shortages of mass products to force prices higher, I personally think that our LS460’s will actually rise in value due to the fact that these cars are sleeping gems on wheels.

They are getting harder and harder to find with the right fully loaded options that everyone wants, low mileage and of course in excellent mechanical and physical condition.

I honestly don’t think I would be able to buy my 07 LS460 today, for the same price that I bought it for 2 years ago.

Personally there’s no better used sedan on the market than the 460. A used Camry will most likely be more expensive to a similar year LS460 which doesn’t make sense, but most people would rather own and drive the Camry due to the simplicity of them and less major expensive stuff to break down. They are also more maneuverable and handle better which mainstream buyers like.

Have any of you thought about trading in or selling your LS460 to cash in on the markets, or is it “no way Jose” you must be freaking kidding me!?

Especially if your ride has been well maintained and cared for and drives amazingly well, it’s like why would you dare to sell your LS and risk buying something newer and possibly is an inferior vehicle?

I know I will never sale my 07, unless it’s for something equivalent or better.

just makes you cherish what you already have and keep maintaining it to the highest levels to assure that reliability won’t ever be a concern.

R Z

Just like the housing market, you can get a ton more money, but what are you gonna buy?

FlexnLexus

True that. It’s better just to keep what you own especially if it’s paid off than to go out there and buy today with higher interest rates and car prices.

The LS460 is the perfect used luxury sedan that’s more reliable than its competitors and worth keeping and preserving. Just wanted everyones thoughts regarding the topic.

ausLX

[QUOTE=FlexnLexus;11459585] As new vehicle inventories are on the decline which is purposefully done to avoid over production from the major automakers/QUOTE]


Is that what you think is happening 😂

Anyway, my 2008 was at around 192,000 when I bought her, currently around 226,000 miles and I will drive it until parts are no longer available. Then I will probably downgrade to an ISF

Vtallysx4

I throw the idea around every once in a while when I've been in my daily too long, then I go for a nice drive and quickly forget about it. There is nothing out there that would spark my interest enough to get rid of it. Plus, looks like Elate mfg. is developing a supercharger kit for the motor and that gives me hope and ideas.

THE_CEO

[QUOTE=ausLX;11460745]I will do the same except upgrade to a LS500 F-Sport when mine dies.

7milesout

Back when I was in automotive engineering, there was no way the top quote was true. Nowadays with shortages due to whatever, I'm not so sure.

Hahahaha! I believe I'm agreeing with you there!

FlexnLexus

If you read the latest news on what all the automakers are currently planning, you will read that most of them now, are purposely lowering their production numbers to avoid an over supply of vehicles to keep prices high. The automakers especially Ford and GM have brought in record profits last year from the increase of all of their vehicles MSRP. Even with lower sales figures from prior years, the manufacturers are making more money per vehicle since prices are way higher compared to just 2-3 years ago that it offsets their lower sales rate.

They have all realized and learned from Covid with the supply chain issues from only a short time ago, that the automakers can charge higher prices because of the shortage of new vehicles, and customers were willing to pay the higher prices for them. So why would you not continue to charge more money as a business if people are still willing to overpay for your product? Until customers refuse to overpay and or stop buying new vehicles all together, is when the manufactures will be forced to lower their prices.

So this is why new vehicle prices will only continue to rise as the production numbers are not going to be as high like they were pre pandemic days when around 16-18 million vehicles were produced and sold on average per year. We’re most likely going to see production from all manufacturers to only be around 13–14 millions per year in the U.S. and possibly lower per year moving forward unless something dramatic happens in the automotive industry.

This will keep used car prices inflated for years to come unfortunately.

JRA2000TL

I can attest to the shortage of finding an LS460. I'm in the process of selling 2 project cars to free up some funds. I find none nationwide with my criteria: 2013 black on black, RWD, short wheel base, ML, 19" 7 spoke chrome wheels, shimamoku espresso wood trim, preferably under 120k miles, no accidents, Southern or rust-free car....and hopefully any of the big 3 problems addressed or a non-issue (ABS actuator, coolant valley leak, control arms). I guess I'm being a bit picky, though. When the right one comes along, I'll jump on it.

Even changing color combinations, I still come up with 5 or less. I'll be waiting forever at this point.

Nospinzone

Actually I would say the big 5, add the starter motor (not expensive but labor is 6-8 hours) and the steering rack (expensive but labor is less).

I wouldn't despair. One morning you will log onto a website and bingo, there's your dream car! That happened to me once.

7milesout

I debate selling mine all the time. I'm not using it to daily drive at the moment. I just know that if I do sell it though, the next day my daily beater would get skwarshed. The day after that, I'd see the new owner cruising around in my LS and I be super pissed. Mine has less than 60k miles on it. The only problem the car has is the ditch moldings / peeling. And I could get off my butt and finish peeling them, they look good chrome-ish.

Xademartin

I’ve thought about selling, but ultimately, I decided to keep my LS460. The auto buyers market is crazy right now, and while I could get a good price for my car, finding a replacement would be a hassle and likely cost me more for less car. The LS460 offers a level of luxury and reliability that’s hard to match, especially at today’s prices. I’ve invested in maintaining it well, and it still drives beautifully. Considering how difficult it is to find a well-maintained LS460 with all the options, it makes more sense to hold onto it.

amherstma

is a 2011 LS460 with 70000 miles worth $20K?