LiveDeal.com Shares Top 10 Tips for Selling Used Cars in Today's Buyer's Market
Nation's Fastest Growing Online Autos Classifieds Site Says "Don't Trade It, Sell It Yourself" for Best Return this Fall and Winter
SANTA CLARA, Calif., Sept. 16 -- Employee discount pricing by the Big Three automakers and new deeper dealer discounts being piled on this fall, have led to a glut of used cars on the market, creating one of the best buyer's markets for used car shoppers in years.
To help consumers recoup top dollar for their used cars as they make way for new cars in their driveways, LiveDeal.com (http://www.livedeal.com/), the nation's leading local online classifieds site, today shared its top 10 tips for getting maximum value when selling a used car this fall and winter.
LiveDeal.com also announced it has added new cars to its fast-growing inventory, which now numbers more than 150,000 new and used vehicles -- up from fewer than 10,000 this time last year. This milestone makes LiveDeal.com the Internet's fastest-growing resource for both new and used vehicles.
"Dealers have a surplus of used cars on their lots this fall. This surplus, combined with the reduced margins dealers are earning on family pricing, leaves less room to offer aggressive trade-in prices," said Devon Cohen, vice president, automotive services, for LiveDeal.com. "Consumers can get significantly better return by selling their used vehicles themselves this fall through free local online classifieds like LiveDeal.com, which make the selling process quick, effortless and affordable."
Here are a few simple tips that can help consumers get top dollar for their investment as they list their vehicle for sale.
* Identify the Hot Trends, Models. Do some research on the Internet to determine the hot trends and models since you may be able to get a higher price for these sought-after vehicles. With today's high gas prices, smaller, fuel-efficient and hybrid cars are all the rage. Live in a warm weather climate where convertibles are practical all year 'round? Selling a vintage Mustang? These and other cars can fetch top dollar in the current market. * Be Ready to Answer the Tough Questions. Put yourself in the shoes of a potential buyer and consider: What makes this vehicle a must look at? What condition is it in? How do I know this is a good price? * Maximize Your Vehicle's Exposure. Eighty percent of Internet shoppers only look at the first page of a search. It is better to be listed on the first page of a more local site than the fifth page of a larger site. And look for sites that allow a buyer to sort between dealers and private sellers -- some people prefer to buy from individuals rather than from a dealer, or vice versa. * Show Off Your Car's Best Features. Features such as power windows/doors, a sunroof, high-end stereo systems, convertible tops and high mileage-per-gallon are very attractive to potential buyers. * Tout that Low or Highway-Only Mileage. Buyers love a car with low mileage, or one that's been spared the wear and tear of stop-and-start city driving. * Pictures on the Internet are a Must. The more pictures, the better. People love to browse photos of the car, see if they like the color and condition. This gives the buyer external validation that you are trustworthy. * Clean It Up. Detailing your car (inside and out) to give it that "new car" look prior to selling is about a $100 investment that will pay back several times. * Price It Right. It's easy to do your homework upfront and check the wholesale (what a dealer would pay you) and retail book values to know how to price your car. Selling through classifieds tends to be more at the retail value. * Have Your Paperwork Handy. Be sure you've got your vehicle's title, registration and maintenance records on hand for buyers to inspect. * Sell it Free and Locally on LiveDeal.com, the Internet's fastest- growing resource for both new and used vehicles. About LiveDeal
With a management team hailing from eBay, FordDirect.com and other pioneering Internet companies, LiveDeal is the leader in online local classifieds with more than $3 billion worth of goods listed for sale and more than 1 million people using the site monthly. With its free listings and broad selection, LiveDeal.com is ideal for trading hard-to-ship items such as automobiles, furniture, pets, appliances, real estate and other "try before you buy" items, eliminating shipping costs and reducing fraud. Buyers can browse or search for items using LiveDeal's easy-to-use web interface, seeing what's available locally first then nationwide second. LiveDeal also serves the national market for sellers looking for a more cost-effective marketplace to list multiple items for sale in a single click and without the burden of listing fees. For more information, visit http://www.livedeal.com/.