CARZ FOR GIRLZ: Top 10 Best-Selling Used Vehicles - Is Your Car One of Them?
Cars are supposed to be depreciating assets – that means the older a vehicle gets, the more its total worth declines. In fact, the saying used to be a new car begins to lose its value the second you drive it off the lot.
But will this fact remain true in a new economic world where used cars are more desirable than brand new cars? Yep, it's true – those dealerships that are sticking around are focusing their sales on quality used vehicles because used car sales are going up. Way up.
This gets a girl thinking: Could your parents have done you a HUGE favor by giving you their used Toyota Camry? According to the National Independent Automobile Dealers Association (NIADA), an organization specializing in supporting used car dealerships; one of the top-selling used vehicles actually is a Toyota Camry! Here are the Top 10 used car goldmines:
Ford F-Series. This truck tops the list of the best-selling used cars, according to the NIADA study. The Ford F-Series was the best-selling vehicle (not just truck – overall vehicle) in 2008. The F-150 holds so many Best-in-Class titles there isn’t room to mention all (best payload, best frame, and best passenger room, to name a few). It has been meeting the needs of hardworking consumers for close to 60 years and has been the best-selling truck for the second half of its existence.
Chevy Silverado. Coming in second is a truck that has longed to upset Ford’s F-Series statistics of being the best-selling truck in America. The Silverado is General Motors' best-selling vehicle, hovering at 2.5 million sales a year. The most common engine is the 315-horsepower 5.3-liter V8 with 338 lb-ft of torque. On 2007 extended models, there is a rear access door with a 170-degree extension – wider than any other full-size truck. A FlexFuel version of the 5.3-liter is available on models, making it possible to run the engine on either gasoline or E85.
Toyota Camry. The Camry explains exactly why Toyota Motor Corporation is doing so well: America's pocketbook loves a dependable, sleek-looking sedan at an affordable price with modern features. The design team hit a major homerun with the 2008 remodel, making this car fancy yet affordable enough for anyone with higher standards. Reliability is outstanding. Chances are your parents handed you down this model – be thankful! It could have been a lot worse, and I bet you are seeing this car in a whole new light (with dollar signs!)
Honda Civic. By Consumer Reports standards, owners seem to be just slightly happier with the Civic than the Camry. It is currently the top-selling car or sedan in America. Already affordable brand new (try $25,020 for a 2009 Honda Civic Hybrid), the vehicle maintains a great trade-in or resell value. The Civic GX, a natural gas version of the vehicle was named Greenest Car of 2005 by the American Council for an Energy Efficient Economy. Honda claimed 5 of the top 10 Greenest car slots, 3 of which were models of the Civic.
Additional vehicles on the NIADA list include: Honda Accord, Toyota Corolla, Ram 1500, Chevy Impala, Toyota Tundra and Dodge Grand Caravan.
If you have a Top 10 used vehicle, what do you do with your asset next? Keep it in keen condition, because if a dealer cannot warranty a vehicle, they cannot sell it. When you are ready to talk trade-in, grace your car's presence on the dealer lot or do your research here on The Auto Channel!
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