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Thread: Used car prices up

  1. #1
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    Used car prices up

    In the case of used trucks & SUVs -- way up.

    The result: Used pickup values are up 10.1% compared with a year ago, according to Manheim's data. SUV values are up 5.6%. The gains in both truck segments beat the 3.7% rise Manheim calculates for midsize and small cars.
    http://online.wsj.com/article/SB1000...Tabs%3Darticle

    Chip H.

  2. #2
    Vulture of The Western World Eric's Avatar
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    Quote Originally Posted by chiph View Post
    In the case of used trucks & SUVs -- way up.



    http://online.wsj.com/article/SB1000...Tabs%3Darticle

    Chip H.
    Yep.

    I looked around and discovered that I could get $4,500 (or more) for my '98 Frontier 4WD with 121k on it - and forget about finding a 2002 model with 59k like the one I found last year for $7,200 for anything much under $10k.

    What does it tell us?

    People are buying lower-cost used stuff they can probably pay for in cash vs. buying a new car on a 5-6 year installment plan.

  3. #3
    Ridin Dirty dom's Avatar
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    Yeah, there is something about paying that extra 10k+ to drive a new one off the lot.

    "Tutto nello Stato, niente al di fuori dello Stato, nulla contro lo Stato "
    -Mussolini
    All within the state, nothing outside the state, nothing against the state.

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