“When the used car price goes over the new car price, that is always a sign that there is huge excess demand.” Economic protection? For General Motors , Mitsubishi , Nissan , regardless of the make, vacant showrooms in town and country are the rule rather than the exception. “Everything’s sold a year before it reaches the floor,” says Giovanni Rubino, the manager of an empty Ford dealership in eastern Caracas. “And our waiting list,” Mr. Rubino laughs, “is infinitely long.” Authorities began curbing imports starting in 2007 with an aim toboost national production, yet automobile sales have since tumbled from 499,899 in 2007 to 130,553 in 2012, according to the Venezuelan Automobile Chamber, CAVENEZ.
For the original version including any supplementary images or video, visit http://www.csmonitor.com/World/Americas/2013/0924/Venezuela-where-used-car-salesmen-are-king
NEW YORK (CNNMoney) — Used car buyers are about to find that it’s tougher to find the models they want. And they may have to pay more for older, higher mileage cars too. Why? It’s yet one more thing to blame on the crisis that hit the auto industry and goto lowestquotes.com overall economy in 2008.
For the original version including any supplementary images or video, visit http://money.cnn.com/2011/06/21/news/economy/used_cars/index.htm
With trade-in vehicles averaging 6.5 years, dealers aren’t getting the kind of near-new trade-ins that most buyers want as a cheaper alternative to buying a new car for reliable transportation. More than one out of five car sales at franchised dealers were “certified” used cars, the cream puffs of the used-car lot that often come with long warranties as part of the deal. Kontos advises used-car shoppers to try to hold out as prices continue to ease. “It won’t hurt you to take your time and shop.” As for new-car buyers, he says now is the time to act.
For the original version including any supplementary images or video, visit http://www.usatoday.com/story/money/cars/2013/05/20/used-car-prices-fall/2208637/