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Used Car Prices During the Recession

USED CAR PRICES UP AND STAYING STRONG Seemingly contrary to what you might expect in a soft retail market. used-car prices continue their upward push. with used-truck prices also gaining strength. MODEL AND PRICE RANGE I AVERAGE USED CAR PRICES IN 2010 11.5 Jeep Wrangler i s22.480. $38.945 I MILLION UNITS $27.426 vw Jetta S19.676 NADA recently estimated total new-vehicle sales in 2010 at 11.5 million units. This is a 1.1 million unit increase over sales in 2009. S15.488 - $24.836 vW Beetle $19.268 SI5.994 . $23.995 and Honda Civic S14.121 - $23.990 SUPPLY DEMAND $18.296 Prices are simply a result of supply and demand. Used vehicles arrive in the marketplace and onto dealer lots through a variety of Toyota Tacoma S15.980 - s23.749 $18.161 Mitsubishi Eclipse S13.632 - s22.995 $16.651 sources: Vehicles traded in on the purchase of a new one. the most common way. Honda Accord $25.968 S18.238 - $36.988 Ford Mustang S17.850 . $28.999 Rental fleets rotating their stock. $22.027 Nissan Maxima S18.238 - $36.988 | $27.972 Vehicles turned in after a lease. Repossessed vehicles. Ford F-150 $30.161 $19.998 . $43.888 THE BOTTOM LINE: Consumers hoping for a drop in used-vehicle prices should brace themselves for disappointment. The good news: If you are selling or trading in a vehicle, you may get more for it than you expect. Sources: AutomotiveNews. DomesticSale

Used Car Prices During the Recession

shared by admin on Mar 18
Normally during a recession, consumers have lower prices on everything to look forward to from houses to groceries. Yet despite this trend, used cars are continuing to go up in price. Are you in the m...


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