In this video I share the insane results of the sale of the US Soldiers 2023 Dodge Demon 170 at Mecum this past week and why this is a clear confirmation that prices are falling fast!
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It’s 127k on the sticker I believe
It's a mass produced $150k Dodge…..the carmaker that betrayed consumers, sold out to Stellantis and capitulated to the government. They don't really have the pedigree or reputation to bring big money in.
Wow, that Demon 170 auction price is CRAZY! Love that it's going to charity, but oof those dealer markups are toast. Guess I gotta hold out for a fire sale now! Great call on the $150k prediction, TK!
Sounds like the dealer still made a haul.
That’s about right on D170 price they are not worth more than that.
Nobody wants the cars. And I've been saying this for a second. The Red Eye is better then the Demon. It goes 149 mph. Which sucks. That was it after that was announced. People that can afford it arent buying it. There are just much better cars then a Dodge demon for100k. Thats to much in my opinion. Dodge makes cars that fall apart at the seems in 2 years.. I've had 3. I'm not talking just to talk. Ill never buy another Dodge. Not from Dodge. Maybe ill buy a hellcat second hand and just build it from then. But then i can get it for 50 to 70k. Mark ups killed the brand along with stellantis. And now it's coming back to bite them. And i hope people hold fast. People that initially paid anything over sticker ruined it for everybody. Simply because they saw a bunch of fools with money. And now they think theres still a bunch of those fools left. No they paid you already. Only guys left are smart buyers. Buyers that will literally wait for your company to collapse before they buy over prices junk. I work to hard. Not paying 150k for a Dodge. Not me
But in all reality a demon 170 isn’t worth 150k. I bought me Redeye WB with 309 gears for 64k. Just think about that for a minute
Laughing watching this happen because people bought way too high, then credit crunch & inflation, flat economy…now the dealers are going to get stuck
The best part is charity cars always go for $15K to $30 over what they normally would due to the charity part.
That Demon would have sold for $125K if not less without the charity part.
For 152k I am getting a Z06 or 911 and actually get a car that can handle and looks like a 152k car rather than a 45k car with a big motor.
Dodge was only popular because they was cheap and hood dudes could afford them .. now that they are priced like other sports cars they won’t sell they aren’t really fast and can’t beat anything just good for sliding and the hood v8 sound ..
Couldnt agree with you more on the value of the Demon 170 , itll never be worth what the true classics are .
You cant park a dodge anywhere the roaches are always looking.
The 2015-2024 Challenger-Charger Saga is one for the history books, for sure.
I remember around 2012-13 when ford came out with the 302 boss again people were paying 8-10K over MSRP because everyone thought they would be worth a million dollars in 10 years. Here we are in 2024 and you can get them a dime a dozen on autotrader for $25,000. There will never be a muscle car era again because that time has come and gone. Sure there will be cars that retain value, but never high production cars again. That time has come and gone, now you just have the ultra rich passing around garage queens and a dude that's working class is out.
These cars were overhyped and have not been able to live up to the advertised numbers. They are just too expensive for just a drag car.
Look people are the only ones to blame. I hope you all loose your shirts
Look at thr economy ffs. Lots of repos in the near future. As for waiting 30 years with no GASOLINE it is junk, and mother nature will take it back.
A car is only worth what a stupid person is willing to pay for it.
Dealership still wants 75k for a swinger that’s been sitting for over an year
Guys it’s not the dealers. Stop blaming dealers. It’s the market. Used cars depreciation is high because cars aren’t moving for anyone. It’s a reversal of 3 years ago cars one went over sticker now cars are going below sticker and they still can’t move them. One the average rate is 8 percent. Dealers also have money to hold inventory as fleet sales are good still! Try to trade your car in you won’t get anything for it anymore no matter the brand.
the true market value of that car is NOT $152k. There was an element of "charity" overpayment by the buyer that can't be realistically quantified without asking them.
Stellantis going woke; slant 6 or EV Koolaid, what a deal. Democrats are the more money than brains crowd. Sam’s club has Vaseline in bulk for anyone heading to these dealers.
So this car basically sold for market value in my opinion. With that said if this was truly a charity car it should have sold for nearly 400k. Usually you see charity cars go for stupid money.
Have had 6sp 3.91axle Procharged 5.7 for years as my sunny day cruiser. Anyone whos not spoiled on Hellcat power would be happy with any of the plentiful barely used v8 Challys on the used market if you dont care for tech. Take your pick. For the record my blown 5.7 car breathing through SLP Loudmouth delivers an agry small block Hemi scream that's to me audible ecstasy that the big blocks just dont do. Sounds like it's turning 8k, but it's not, akin to the Coyote. A manual 5.7 and the turbo like Procharger go together like the K20Z3 and VTEC, or Keith Richards and heroine, low boost aside. Still quicker on a roll than a 392 CHarger. It's enough.
Although I will never buy a mpar again, my daughter still likes jeeps like wagoneers, but not the original prices. She wanted a 2022 with 5 7 engine. So we found a corporate executive model fully loaded not a buy back that listed for 92k . So we waited with a bid in for several weeks until he decided to get rid of it. So the dealers are finding out how thin the ice is( on sink or swim )
Never been about the money
I will just keep my Red eye till I die
When we die we take nothing with us. Might as well enjoy the crap out of it
For a dodge. I’ll give you 18000.00 that’s all it’s worth
What about a redeye what are they worth now used.
So the dealer throws his salesmen under the bus for following his sales strategy? Which is say PROFIT ON THESE 170"s
Since it was going to charity 100% that car should have gone to Barrett-Jackson not Mecum
Tweedledee and Tweedledum will still walk into work today asking $225k for their “special” demon 170 LMFAO
Dealer out here in Surprise AZ is still asking a 50k premium for the 170, he came down from 100k premium, I hope he chokes on it. Great content today, thanks
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Dealerships think they are sitting on gold, people have short attention spans . The trend of owning one of these cars will fade .Then the dealers will unload at reasonable prices.
imagine how much money they would have made if they priced these reasonably….i honestly believe they didnt want to sell these
I have to disagree. The car in question was a used Demon 170 with a bad story. The auction was tiny. No one was hardly there. Let's tell the truth. Can anyone show me a Demon 170 for Msrp, $10K, or even $20K over? I'll be a second one if so.
Not every story has a sad ending. I got my 170 for a bit under sticker. Thank you Steve White dodge in nc
I literally don't see the appeal of a Demon 170. Not worth the mark ups. I'd take a C8 Z06, that car is more special and much better looking!