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Tag Archives: used car prices
Supply of Used Vehicles Up, Values Down Slightly
The latest used vehicles report for May and June shows U.S. used car supply rising, thereby decreasing trade-in values. Continue reading
Posted in aftermarket, prices
Tagged alg, autoinformed, autoinformed.com, Ken Zino, used car prices
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Steep Gas Prices Have Little Effect on Used Auto Sales
Steeply rising gasoline prices have had little effect on the used car market since most people are sticking with the current vehicle, according to the National Automobile Dealers Association. This is the opposite of what happened when gas prices rose as recently as last year. Continue reading
Posted in auto news, prices
Tagged auto informed, autoinformed.com, automotive news, gasoline prices, Ken Zino, nada, nada used car guide, used car prices
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Will Rising Gasoline Prices Hurt New or Used Car Sales?
What this means for the recovering U.S. vehicle market is unclear. New vehicle sales have been slowly rising but are still far below pre-Great Recession rates. What is clear is that this is bad news for drivers and energy consumers, is that global liquid fuels consumption is at historically high levels. Continue reading
Posted in auto news, energy, news, news analysis, transportation
Tagged auto informed, autoinformed.com, automotive news, gasoline prices, Ken Zino, nada, new car sales, oil prices, used car prices
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Resale Value of Smaller Vehicles Goes Up with Gas Prices
As fuel prices rise so does the trade-in value of smaller vehicles. Most of this is common sense, but it is backed by historical data. The consultancy ALG has modeled the effect of a 1$ per gallon change in regular gas price on 36-month resale/residual values. Continue reading
Trumped – Used Car Prices Spike after Hitting 12-Month Low
“With rising prices, flexibility is important,” said Sri Melkote, Chief Analytics Officer at CARFAX. “Shoppers should consider different makes, models, years, trims, or even nearby markets to find the best deals that fit their budget. This type of swing in prices suggests a volatile market, so tracking prices right now is crucial. Once you’re ready, a vehicle history report can help you avoid costly surprises and ensure real value.” Continue reading →