The cynic in you might think that a rise in the price of used vehicles, just as new car sales are cratering worse than anyone can remember, is a not-so-transparent ploy to overcharge buyers. It turns out to be more a case of supply versus demand. Wholesale used car prices are bumping up as a result of sagging new car sales, according to auto auction company Manheim. Two-thirds of new car sales have a trade-in attached, which creates a supply stream of pre-owned vehicles to recycle onto dealer lo
If vehicles could be sainted, stained-glass artists all over the U.S. would be busy figuring out the best colors for the Toyota Prius to shine in. Brand new examples of the motorized mollusk that everyone can't wait to buy spend just five days on dealer lots. Last year's model lasts just fifteen days more.
How much per month are you willing to pay for your car? Rising gas prices and the worsening economy have many people reconsidering their automobile purchases. Think of it this way: if you had $400 budgeted per month for your car payment and gasoline, the more you spend to fill up, the less you have to pay for your car. These types of issues have been causing some car buyers who would normally purchase a new car to shop the used market instead. According to a recent Jeremy Korzeniewski
Although other sources state that Britons are buying smaller and more efficient cars during this year, used car hypermarket chain Carcraft announced that they sold more used dirtier cars in 2007 than ever, despite the higher vehicle duty (tax) and the higher cost of gasoline.
When even deep discounts aren't getting the job done, sometimes you've got to bend the rules. Normally, a Chrysler dealer must use a car as a loaner for three months before designating it a used car. Still wondering what to
Many used car buyers are completely unaware that their airbags might not deploy in the event of an accident. There are a few reasons for this, but the most prevalent is a scam in which a car that's experienced a previous collision has had its deployed airbag improperly replaced, sometimes with stolen airbag units from other cars and sometimes with nothing more than stuff like packing peanuts or whatever else was lying around the shop.
Alright, so we covered the raising gas prices the other day, and I am sure that you probably noticed them on your own the last time you filled-up. I did... $3.05 a gallon was the cheapest 87 octane in Toledo that I happened to run across yesterday.
For those of you driving a Ford Festiva, which managed a very respectable 35 mpg, don't get your hopes up of getting a big fat check when selling your car. But those of you that bought a Prius or Civic hybrid, you should be happy to know that your resale value is holding very strong. Toyota Priuses lose almost no value in the first year or two of ownership, even with fairly high mileage. The reason for the high prices is a combination of low supply of used car