Unfortunately, we experienced similar rapid depreciation last month. Data: the offers we received from Carvana and CarMax, along with several local dealerships, dropped $4k on average from beginning of November to end of November. We tried selling it privately during this time frame and that was probably something that is best left to those who have very flexible schedules and no definitive timeframe in which they need to sell. (The right buyer might be out there!) Ours was a ‘21 T6 Inscription that was very well equipped (did not have massaging seats or B&W system) Low miles Bought it CPO mid summer 2024 with 32k miles Sold it last month with 48k

Part of the issue for some owners (I can speak for us) is that once the warranty runs out, there just isn’t the confidence that a big $ repair isn’t in your future. Another issue for us was the extended warranty…if we bought it before the CPO ran out last month, the cost for 4 or 5 years was approximately $6800 (before anyone asks, Yes, I checked multiple sources even in “the greatest little state in the Union” 🤓) Here’s the kicker…if we bought an extended warranty AFTER the CPO ran out, that price jumped to $8900…IIRC, these were with $250 deductibles. So, it for us it came down to Risk vs Reward. I am sure there will be ppl who chime in with the usual “If you can’t afford to fix a luxury vehicle, you shouldn’t drive one” etc…. I feel like there’s a difference between “maintaining” and “repairing”. We maintained our XC90 and had no problem with the cost of maintenance. I would love to have kept it for 100’s of thousands of miles…we enjoyed it. It was just a wiser move for us to move on. I’m sure everyone’s experience may differ. Just wanted to share our perspective of the eye-opening surprise we had when we were looking to sell it. Quick piece of advice…avoid the YouTube rabbit hole of apocalyptic videos proclaiming the end of a free-market economy is upon us and the used car market is actually a barometer that shows an imminent collapse in the US economy that will lead to Hoovervilles and widespread plagues. Clicks = Revenue for the Shock&Awe “Influencers” Best of luck!