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Post-Pandemic Used Car Prices Soar at Bay Area Dealerships

SAN JOSE (KPIX 5) — The old adage that you lose money as soon as you drive your new car off the lot may be changing as a drastic vehicle shortage has some used cars selling for more than they did when they were new.

Prices for used cars are spiking, and that’s only if and when dealers can get their hands on them.

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“We’re buying a lot of cars from our service customers, off the street and other avenues just to get inventory in. And we’re paying higher prices than we’ve ever paid,” said Mark Normandin, the owner of Normandin Chrysler Dodge Jeep in San Jose.

And that’s saying something from a dealership that got its start in the horse and buggy days.

“All of the used car pricing is escalating because of the demand,” explained Normandin.

It started with a semiconductor shortage, which slowed the number of new cars being built.

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Then car rental agencies — which sold off inventories last year in the pandemic — couldn’t restock their fleets. So they started buying used cars which created the shortage and drove up used car prices.

Dealers are so desperate they’re asking for leases to come back early or even
asking previous customers to sell back their older cars.

“I was like, ‘What?'” said DeeDee Taft, who recently got a notice from her Audi dealer asking to buy back her ten-year-old Audi Q5 SUV. “They’re supposed to get back to me with a trade-in offer, or just to purchase it. They want to get those cars on the lot, there’s just a huge demand.”

The vehicle shortage has led to an unheard of situation where ordinary, non-collector’s cars are appreciating instead of losing their value, especially loaded pickup trucks and SUVs.

“We’re giving them more on a trade-in than they bought the vehicle brand new for,” Normandin said.

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No one knows how long prices will continue to spike, but prices are starting to level off at large auto auctions where dealers buy used cars. That could translate into lower prices in the coming weeks or months, according to auto industry analysts.

Sours: https://sanfrancisco.cbslocal.com/2021/06/24/post-pandemic-used-car-prices-soar-at-bay-area-dealerships/
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034Motorsport is the San Francisco Bay Area's premier facility for Audi and Volkswagen maintenance, repair, and performance tuning. We are a passionate group of Audi and Volkswagen enthusiasts dedicated to providing the best in dealer-alternative vehicle care, as well as designing, engineering, and manufacturing high-performance aftermarket upgrades.

We employ factory trained technicians, utilize state-of the art diagnostic equipment, and provide our customers with only the highest quality OEM and aftermarket parts.

At 034Motorsport, we pride ourselves on the quality of our products and services, and strive to provide our customers with the best possible automotive experience.

Interested in an 034Motorsport service? Contact us today!

034Motorsport
42968 Osgood Road 
Fremont, CA 94539

Phone: 510-657-6708

Dealer-Alternative Service & Maintenance

Our factory trained technicians can perform all factory repair, maintenance and troubleshooting on your Audi/Porsche/Volkswagen. In addition to being fully equipped for dealer-alternative service, we have a far more advanced understanding of drivetrain, engine management, and chassis function than most repair shops, so we can diagnose and fix problems accurately and quickly. With each visit we perform a complimentary full safety check of your car to ensure its optimal performance and reliability.

Performance Hardware Installation

Just because a repair shop can install factory replacement parts does not necessarily make them qualified to install aftermarket performance parts. At 034Motorsport, we have years of experience building competetive race cars and performance street cars using countless aftermarket performance parts.Our ability to fabricate, modify, and bring parts together in a complete package, ensures that we deliver functional, reliable results for your performance street or track vehicle.

Performance Software Upgrades & Tuning

Many companies burn, sell, and install chips with no ability or understanding to actually tune or optimize the ECU mapping. At 034, we have full access to Motronic tuning maps, with countless hours spent cracking and testing code. In addition to a full line of pre-tuned maps for ME5, ME7, and MED9 equipped Audi, Porsche, and Volkswagen vehicles, we also offer custom dyno tuning for your vehicle's factory ECU. Consult us to evaluate your Motronic tuning need to see if we can offer a solution for your project. We also offer Revo ECU and TCU Upgrades and Unitronic ECU and DSG Software Upgrades.

Complete Custom Performance Builds

Have a dream car in mind, something an OE manufacturer never dreamt of or had the balls to build? We're your man, we can build anything you can think of. Want a 450HP daily driver Audi Coupe Quattro? A 600HP drag race A4 Quattro? How about an 800HP track car, built to last a whole track weekend? We'd love to build it, have built it, and can assure you the results you're expecting. Contact us to discuss the build you have in mind even if you've been disappointed by other, less capable shops. 034Motorsport has the experience to guarantee the results you desire.

Track Day Inspections & Setup

Headed to the track? Chances are we'll see you there! Whether you're headed to your first High Performance Driving Event, or you're an Audi Club track day regular, we're happy to perform your track day inspection. We're also the premier location for track day vehicle setup to ensure that Audi, Porsche, or Volkswagen is performing at its best.

Sours: http://034motorsport.com/service
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The Audi Certified pre-owned Sales Event is on.


The benefits of choosing Audi Certified pre-owned.

Expand the sections below to discover how exhaustive the inspection, warranty, and additional features are in order to provide you with the quality ownership experience you’re searching for in an Audi.

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Unlimited mileage for unlimited enjoyment.

Enjoy your Audi for miles to come with our Audi Certified pre-owned Limited Warranty featuring no mileage limitations. The time duration of the Audi CPO Limited Warranty depends on whether any New Vehicle Limited Warranty coverage remains at time of purchase. Your coverage is honored at over 300 Audi dealerships across the United States.

View key warranty info
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Every inch inspected.

Only once the vehicle passes a detailed dealer inspection does it earn the right to be part of the Audi Certified pre-owned program. This process helps ensure each vehicle meets our highest standards. The rigorous inspection process includes:

• 15 pre-checks
• 115 exterior checkpoints
• 85 interior checkpoints
• 39 engine compartment checkpoints
• 36 undercarriage checkpoints
• 18 road test checkpoints

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We’ll be there for you if you need it.

In the event of an incident, contact Audi Roadside Assistance anytime, any day. Our specialists will arrange a tow truck if needed and bring your Audi to the nearest Audi dealer to be fixed by our Audi trained technicians. Plus, this 1-year Roadside Assistance program includes trip interruption reimbursement.*

*Coverage begins upon expiration of the New Vehicle 24-Hour Roadside Assistance coverage, which is 4 years with unlimited mileage. If New Vehicle 24-Hour Roadside Assistance coverage has expired prior to CPO purchase, CPO 24-Hour Roadside Assistance coverage is one year from reported CPO sale date with unlimited mileage.

Learn more
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Transferable enjoyment.

As a complement to an already exceptional Audi Certified pre-owned program, you can enjoy greater confidence knowing that the Audi Certified pre-owned Limited Warranty is easily transferable to a subsequent private owner.

Download application
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Know your Audi through and through.

Drive away with additional peace of mind knowing the full history of your Audi with a comprehensive third-party vehicle history report.


Audi Certified pre-owned Sales Event.

1.49% APR* for 60 months on most 2018-2020 Audi CPO models. For highly qualified customers through Audi Financial Services.

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The Audi Certified pre-owned Limited Warranty is extremely comprehensive. It continues after either the New Vehicle Warranty ends (if applicable) or 5 years after the original in-service date with no mileage limitation. It is transferable to a subsequent private owner and has no deductible.

View key warranty info


• Exclusively at Audi dealers
• 5 model years or newer
• Less than 60,000 miles
• Must pass vehicle history report
• Must pass 300+ point dealer inspection


Audi Certified pre-owned vehicles are exclusive to Audi dealers across the United States. To find one near you, either visit your local Audi dealer or search the online inventory.

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  • Audi Certified pre-owned Limited Warranty

    The Audi Certified pre-owned Limited Warranty and 24-Hour Roadside Assistance allow you to drive your Audi with confidence. Learn more by downloading the PDF below.

    Download warranty brochure
  • Warranty Transfer Application

    If you need to transfer your Audi Certified pre-owned vehicle and its Certified pre-owned Limited Warranty to a new private owner, please use the form below.

    Download application
Sours: https://www.audiusa.com/us/web/en/shopping-tools/certified-pre-owned.html
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