There was a great boom in used car pricing back in 2011, since then car prices have declined, and continue to do so. The great thing about this is that, the revival of used cars being better deals than brand new cars is back. In 2013 used car prices are expected to rapidly fall and this may be the perfect time to take a peek at what’s available. With so many new cars arriving, even great cars get added to the used car pile pretty quick. 2013 was a very productive year and the real excitement is that 2014 should be even more productive and it is right around the corner. The more production the better and perfect timing for these two factors to work off of each other.
Fortunately for used car buyers, used car retail prices fell by $1,000 in 2012. Greater inventory aids lower prices, and as a prevailing economy, while more people get jobs, demand rising to provide them with vehicles for transportation. In a business that sells 40 million vehicles in the U.S yearly, comebacks are strongly anticipated.
Many 2010 model-year cars are great buys; take a glance at the prices for 2010 vehicles according to Ken Garff Used dealer near Salt Lake. Small car prices are dropping like flies. The 2010 Toyota Prius fell 15 percent over a previous three month period. Honda Civics and Ford Focuses are also down 8.5 percent and the average price of a 3-year old car was at $13,000 in June.
As far as midsize cars go, they are in the same standing as small size vehicles. Newer models that hit the market stole attention from cars like the Hyundai Sonata. Prices are down in this category as well 6.9 percent to $14,503.
On to small and midsize SUVs. Again, midsize SUVs like the Jeep Grand Cherokee are down 4 percent, to $20,581. Yet small SUVs like the Honda CR-V are down a major 7 percent to $17,548.
And lastly, trucks. Prices stayed leveled for full-size trucks like the Silverado. Between April and June prices stayed at $21,854. But the Toyota Tacoma went down 1 percent to $17,119.
You may not be able to predict when things will happen, percentages go up and down depending on how customers are feeling. But for some reason predicting the overall outcome has gotten easy. The business of used cars won’t fall out of fashion it is too promising. Yet every business will have its bad sprees. But, making it out of those and going on a longer good spree is all that counts.
Image Credit: rptnorris
