Blue Book Value Trucks, Nobody wants a sedan? Not true; used car prices

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Blue Book Value Trucks, Nobody wants a sedan? Not true; used car prices-Prices for second-hand cars increased by 2.3% on average in the last three months, while car prices fell by 2.8%.

In late spring Bob Castaldi began checking the prices of cars online and wondered if he had time to sell the 2014 Honda Civic full of families.

Every month he retired to Phoenix’s suburbs in Arizona and saw the recommended retail price of $ 700 to $ 900, depending on the car’s location. Last month, Castaldi estimated that the conditions were good for carrying more than 30,000 kilometers of cars and selling $ 16,785.

Blue Book Value Truck

What Castaldi saw as a general change in the automotive industry, for the first time in three years, the price of the used sedan grew as a result of US customers’ demand. UU. Wood to join.

“I was surprised that it grew,” Castaldi, who had the demands, but at that time, he said nothing.

The fall in the price of gasoline in mid-2011 between the sedans and the media, the compact new and used range, has dropped dramatically, and Americans have abandoned a traditional family car with different rear-wheel drive vehicles. more versatile. But things have changed this year.

“This spring and summer we have seen 11 consecutive price increases and usually reduce the number of vehicles,” said chief economist Jonathan Fumo, Kelley Blue Book.

Used vehicles usually lose 1% of their value per month as they generally collect and consume miles. Generally, it would not only be in the spring when demand is high, in the payout period, by saying smoke.

Over the past three months, car prices have risen by 2.3% on average, while 2.8% have fallen if the deviation exceeds 5%. He explained that all segments were valued, but as smoke, the smallest and most average cars most expressive vessels.

According to Kelley’s Blue Book, the average price of a new vehicle in the US has risen steadily after the recession and has risen to $ 35,990, which is 3% more than the previous year. This is not possible for many buyers, analysts and merchants. But the average average car cost is 4 years for only $ 13,100, but this year it grew by 8 percent, according to a black book. Compact car prices also rose 8% to $ 11,650.

Off-road vehicles are more expensive, but prices have not risen. The four-year compact SUV costs $ 15,950, which is a 5% increase.

“Demand has grown to almost everyone, but supply has fallen,” said Jeff Wichman, who bought a vehicle from several retailers in the Lansing Michigan area. Last week, he was one of hundreds of dealers and agents looking for vehicles at the Grande Manheim auction in Carleton, Michigan, near Detroit. He says it’s hard to find cars, especially the Cadillac, which I wanted to find my customers.

In the center of three of the four used cars in Ohio, all of the Limo, iSeeCars.com car service. The top of the list is Toyota Prius, followed by Nissan Sentra, Hyundai Tuco (SUV) and Toyota Corolla.

Ricart Automotive Group at Groveport, average vehicle costs are $ 22,000 compared to $ 17,500 three years ago, said Vice President Rick Ricart.

Unforeseen demand is due to “consumers who value consumers” who can not afford new vehicles and can even be left out of the automotive market, “says Anil Goyal, vice president of Black Book.

“It’s imperative to pursue the usual need if you’re looking for a SUV,” Goyal said. Moving cars help reduce sales of new vehicles in the United States. Last year the percentage.

SUV is still popular. Toyota RAV4, Nissan Rogue and Honda CR-V said the best selling Ricart car.

“People want to buy cars that can do more,” he said.

Rental cars are particularly popular.

“I believe in the next motto: when you’re driving a new car from the car park, you’ve already lost thousands of dollars,” he said. Ohio Center bought the used cars in Toledo, Akron, Cincinnati and Sandusky.

“It’s hard to find a good car in Columbus because they come and go so fast,” he said.

Scott Fink, who drives Hyundai and Chevrolet stores in Tampa, Florida, sees more people coming from used sedans or new or smaller cars. In the New Port Ritchey area, where the Hyundai dealer is based, there are many middle-aged pensioners who have to change their vehicle.

It buys a new Hyundai Elantra compact that Hyundai is currently offering or considering a deal or expanding for seven years, he said.

“The basic price of a SUV is growing, the prices of new cars are on the rise,” he said.

Another factor in price increases is that even buyers who can buy new vehicles or vans search for a used limo because they often have the same features. Thousands of well-equipped cars returned to the market after a three-year contract signed since 1995 after relatively low prices, Goyal said.

In 2015, cars accounted for less than 44 percent of US sales of new cars. UU. But in August, it fell to 29 percent, while forklifts and SUVs continued. Goyal believes that the trend is mainly used cars and will not wait for the recovery of demand for new lignite in the near future.

Likewise, the rise in limo prices may not be sustainable. Smoking says that prices have stabilized recently and even fell slightly, but not yet fall as before.