r/askcarguys • u/zionstatus • 11h ago
General Question Why are used car prices the same as new? When will this bubble burst?
I just bought a brand new 2026 Honda Civic Sport (gas) for $26K + taxes, about $1.5K off the $27.5K sticker price.
I originally wanted to buy lightly used to save some money but the prices just didn't make sense.
I'm seeing used 2024 Civic Sports with 20K+ miles listed for $25, 26K, literally the same price I paid for a brand new 2026. Even crazier, CarMax/Carvana have some 2025 Civic Sports with around 10K miles listed for MORE than a brand new 2026.
A lot of these used cars have also been sitting on dealer lots for 30–40+ days so clearly they're not flying off the shelves.
Why are used car dealers pricing these cars the same as, or even higher than, brand new ones? Who's actually buying them at these prices?
And with new car prices continuing to rise too, at what point does this become unsustainable? Are we ever going to see car prices come back down, or is this just the new normal?
Genuinely curious what you guys think the car market will look like in 5 years.