Values may be increasing....I checked the Manheim Dealer Auction (largest dealer auction in the country with 160 locations) to see what an 04 RC is bringing.
Understand that these are wholesale prices and not retail..... but retail prices generally increase as wholesale prices rise. Looks like the dealers are expecting to sell higher.
Month of Nov 08:
6 units sold for an average price of $17,000....ave mileage was 22,000.
Month of Mar 09:
7 units sold for an average price of $17,400.....ave mileage was 40,000.
Week ending May 2, 2009:
12 units sold for an average price of $18,600...ave mileage was 30,000.
Below are two actual individual sales info:
Manheim Atlanta auction:
2004 RC 7,500 miles...ave cond....$20,600...(sale date Apr 23, 2009)
Manheim Dallas auction:
2004 RC 71,500 miles..below ave cond..$16,700..(Sale date May 05, 2009)
You will also notice above that as the price goes up sales have increased (supply vs demand..:dontknow: ).....only 6 units sold nationally in Nov 08 vs 12 sold the week ending May 2..........right now there are only 11 SRT10 Rams nation wide to be auctioned at a Manheim location....4 RCs and 7 QCs....one 2006...five 2005s............five 2004s.