USED CAR PRICES SOAR
There’s a saying in the automotive remarketing business that every used car begins as a new car. And since new car sales in the American market have fallen so much, there’s a shortage of used cars. Ward’s reports that price for 1 to 3 year old used cars have shot up from an average of $15,000 in 2008 to more than $23,000 this year.
Sore Useders
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- Master Standardshifter
- Posts: 11615
- Joined: Mon Mar 16, 2009 3:44 pm
- Cars: '08 Jeep Liberty
- Location: Greater Detroit Area
Sore Useders
'08 Jeep Liberty 6-Speed MT - "Last of the Mohicans"
Re: Sore Useders
It actually would have been more expensive to buy a year old, used Fiesta than it cost us to buy new. I found that interesting... Some of those used ones were actually more expensive than the highest end new model.
'15 Mazda 3 iSport Hatch 6MT
'11 Ford Fiesta Hatchback SE 5MT
'14 Giant Escape City 24MT
'97 Honda Civic EX 4AT - Retired @ 184,001 mi
For Pony!
'11 Ford Fiesta Hatchback SE 5MT
'14 Giant Escape City 24MT
'97 Honda Civic EX 4AT - Retired @ 184,001 mi
For Pony!