Posts Tagged ‘trade-in value

02
Jun
11

Demand for used cars continues. . .Dealers urge consumers to trade-in now

The effects of the Japan earthquake and tsunami continue to be felt, especially in the automotive industry worldwide. Supply of used vehicles is getting so tight that dealers are now reaching out to customers and urging them to take advantage of great trade-in values on their used vehicle. Prices of used vehicles are now up almost 30% since last year says NADA analyst, so this is one of the best times in history to trade in a car or truck. Right now it truly seems to be a win-win situation; the dealers (need) get the inventory, and the customer get’s the most money for their car, so both parties win.

To read full article on NADAFrontPage.com and watch the TV interview program “AutoFocus”, please click here.

24
May
11

Trade-in Values for Used Cars Rising

More good news for those looking to trade-in their used vehicle; trade-in values are on the rise. According to NADA Used Car Guide they anticipate trade-in values from May to June 2011 on many small popular cars to increase in trade-in value by over 10% and some even as high as 17%. This increase is expected because of the combination of: shortage of used cars in the market as a result of the devastation in Japan and the increased consumer demand for small cars. This increase isn’t just expected from May to June but has been seen in this first half of 2011.

To read the full article in F&I Magazine, please click here.