Hammer Time: The Sweet Spot

We used to call it 60-80. You could buy a two-year-old used car with 80 percent of it’s life left for 60 percent of the new car price. Then, as Detroit & Co. started to overproduce ad nauseam, the ratio went down to 50/80. Then 40/80. These days you can pretty much buy a decent two-year-old car (think discontinued Ford, Mercury & Buick models) for about 35 percent of it’s new car price without dickering too hard. So, is that the sweet spot in today’s market? Nope. At least not for the non-enthusiast. The biggest bang for your buck lingers a little further down the curve. Specifically the five to six-year-old commuter vehicle with about 75k miles that has become as popular as an old can of buckwheat. Think Ford Taurus, Buick Regal/Century/LeSabre, Mercury Sable and virtually anything with the name Oldsmobile on it. Sure these are the equivalent of leisure suits for the self-effacing car snob. But I’d be damned if they aren’t the best deals for those who, in Rhett Butler-speak, “Frankly, don’t give a damn.”

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Hammer Time: Public Auctions
We just had a public sale close up in Atlanta. This was a place I called ‘The Red Light District’ for the whorific dealers and management team th…
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Hammer Time: The Times They Are a Changin'– Back
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Hammer Time: The Happy Hocker
Hammer Time: The Happy Hocker
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Floor Continues to Fall On Used Pontiac G8 Prices
Floor Continues to Fall On Used Pontiac G8 Prices
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Joke of the Day: Hyundai Excel on eBay Motors
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Come April, You've GOT to Take the Mercury Sable Off Your List!
Mercury Sable Will End in April
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Hammer Time: Oye Como Va!
Hammer Time: Oye Como Va!
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Hammer Time: And Aveo We Go!
Hammer Time: And Aveo We Go!
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Hammer Time: Who Needs a Truck?
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Hammer Time: Used Car Market Feeling the Pain, Too
We just had the local Dodge dealership close down in Marietta. This coincided with one of the briefest sales I’ve ever seen at a nearby Friday afternoo…
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Insult To Injury: Buy A GM Car, Get GM Stock
Insult To Injury: Buy A GM Car, Get GM Stock
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Hammer Time: How Much for A Mint Condition 1999 Tahoe With 119k?
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Bruce Willis Muscle Cars For Sale
[Some] Bruce Willis Muscle Cars For Sale
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Hammer Time: Repossessing Germans
The 2006 Jetta came with everything but a willing buyer. This time, it wasn’t the VW’s fault. Like the 12 Kias that came before it, the Jetta was…
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Hammer Time: Minivans Rock!
Hammer Time: Minivans Rock!
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Hammer Time: Mercury Milans Aplenty, Toyota Prius White Hot
Hammer Time: Milans Aplenty, Prius White Hot
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  • ToolGuy This thing here is interesting.For example, I can select "Historical" and "EV stock" and "Cars" and "USA" and see how many BEVs and PHEVs were on U.S. roads from 2010 to 2023."EV stock share" is also interesting. Or perhaps you prefer "EV sales share".If you are in the U.S., whatever you do, do not select "World" in the 'Region' dropdown. It might blow your small insular mind. 😉
  • ToolGuy This podcast was pretty interesting. I listened to it this morning, and now I am commenting. Listened to the podcast, now commenting on the podcast. See how this works? LOL.
  • VoGhost If you want this to succeed, enlarge the battery and make the vehicle in Spartanburg so you buyers get the $7,500 discount.
  • Jeff Look at the the 65 and 66 Pontiacs some of the most beautiful and well made Pontiacs. 66 Olds Toronado and 67 Cadillac Eldorado were beautiful as well. Mercury had some really nice looking cars during the 60s as well. The 69 thru 72 Grand Prix were nice along with the first generation of Monte Carlo 70 thru 72. Midsize GM cars were nice as well.The 69s were still good but the cheapening started in 68. Even the 70s GMs were good but fit and finish took a dive especially the interiors with more plastics and more shared interiors.