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Good News if You’re a Seller
By Dr. David Edward Marcinko MBA CMP™
[Editor-in-Chief]
Smart doctors, nurses and medical professionals never buy a new car; they let someone else take the economic depreciation hit. I did and loved restoring my vintage Jaguar 2000-V8-LWB European touring sedan. What a class act – it doesn’t click – it ROARS!
Yet, used car prices are starting to fall after rising steadily for much of the year. Easing gas prices in much of the nation, and more trade-ins coming back to dealers because new car sales have picked up, are behind the decrease.
How Much?
Used car prices are expected to decline 2 percent in June from May, according to the National Automobile Dealers Association Used Car Guide. Used truck prices are expected to dip 1 percent.
Read more: http://www.bankrate.com/finance/auto/used-car-prices-up-and-staying-strong.pdf
Assessment
Some cars, especially fuel-efficient autos, will see much larger drops, the National Automobile Dealers Association said, as falling gas prices reduce demand for the vehicles.
Conclusion
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Filed under: Financial Planning, Touring with Marcinko | Tagged: Dr. Marcinko On Rising Used Car Prices, Jaguar, previously owner vehicles, Used Car Prices | 5 Comments »
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