Why Used Cars Are About To Get Much Cheaper


PHOTO

USED CAR SUPERSEARCH (Includes Craigslist)

Washington DC April 28, 2014; The AIADA newsletter reported that according to statistics from used-car auction giant Manheim, about 1.7 million vehicles came to the end of their leases and entered the used-car market last year. That's a low number, and short supplies have kept used-car prices high.

But, reports Business Insider, that number has already started rising — and that means used-car prices could be coming down soon.

About a quarter of new vehicles were leased last year. Most of those will hit the used-car market when their leases are up, making their way through an auction network, like Manheim, to dealers around the country.

But back in 2010 and 2011, fewer new cars were sold at all, because many consumers were still recovering from the recession. And a smaller percentage of the cars that were sold were leased, because lenders were still being stingy in the wake of the banking crisis. Leases made up just 19 percent of retail new-vehicle sales in 2010, and 20 percent in 2011.

These are the cars that have been coming on to the market during the last year or so. It's why supplies have been tight, and used-car prices have been high.

For more on the state of the used vehicle market, click here.

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/