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Used Car prices are increasing
The two trade Bibles Glasses Guide and CAP both report shortages of used car stick and that prices are rising. with new car sales down significantly with fewer trade ins as people hang on to their existing vehicles a significant shortage if good used vehicles is keeping prices high.
Despite an unprecedented 25 per cent rise this year in prices of cars up to one year old, industry car valuation guide Glass’s is urging would-be car buyers to buy now. As MTI have been reporting for a while now used car stocks have dwindled to an all-time low, prices may go still higher, and the choice of vehicles is likely to become even more limited.
Links:
Used Car Prices rise die to shortage
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