So have you been noticing all the major used vehicle/pre-owned/remarketing reports have lately been saying that used vehicle prices are softening?
You can also easily find a report, or media coverage, or blog post, saying that the used car market is pretty strong. How can that be?
In this weeks Used Car Market Reports, Art Spinella and Tom Kontos address that issue. Prices are softening since a year ago and last month, but the market is still pretty strong overall.
Retail demand is taking care of it you might sell used cars for less, but if youre selling more of them, the numbers start looking pretty good.
The Manheim Used Vehicle Value Index is another point of reference. Yes, prices have been softening and going up and down for the past two-plus years. But look at the whole chart weve seen the highest used vehicle value point in early 2011 since that index started up in 1995.
Take a look at Used Car Market Report editor Jon LeSages perspectives on where all of this is going.The Article Used Car Market Reports Review: Whats Up with Softening Prices? appeared first on Automotive Digest.