Used Cars For Sale In Albuquerque Nm, On the Money: Glut of used cars gives buyers more options

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Used Cars For Sale In Albuquerque Nm, On the Money: Glut of used cars gives buyers more options – DETROIT: Last year, the price of children aged 2 and 3 years increased from the sale of record vehicles, lorries and SUVs, which continues if people save thousands of dollars in their purchases.

Car sales increased to 39.2 million vehicles in 2017, which is more than double the number of new cars at Edmunds.com. Americans have bought for years the latest cars, recent obstacles to well-equipped vehicles who leave leases, it sends more people to the used car market.

This reduced sales of new vehicles during the year and decreased by 2%. And the trend needs to be continued, as leasing accounts for nearly 30 percent of all new car sales in the United States. It would ensure enough cars for at least three years, said Edmunds analyst John Drury. (Edmunds regularly delivers content, including tips and advice on how to deliver cars to Associated Press.)

“In almost all cases, this three-year car will save a lot of money, it would not have any financial impact,” Drury said.

Used Cars For Sale In Albuquerque Nm

This year around 4 million vehicles will be on the market for used cars, many of which are inexpensive because buyers are interested in off-road vehicles.

The average purchaser of a three-year car can buy around $ 14,000 when buying a new car, Edmunds says.

Prices for new vehicles are still high, some people leave the market and make car hire more attractive, Drury said. At the same time, the growth rate of second hand cars will slow down due to the abundance of supply, which spreads the difference between new and used prices.

The new mid-size vehicle was sold in 2012 to $ 30,803. According to Edmunds, by the end of 2017 it has risen to almost $ 4,400. At the same time, the average car price rose from $ 2,778 to $ 19,462. The difference between new and used prices rose from $ 14,125 in 2012 to nearly $ 1600 to $ 15,714 last year.

The distance between the new and the use is even more impressive for a three-year vehicle. Last year, a three-year vehicle was sold for $ 20,500. Between 2012 and 2017, the gap between the three-year vehicle and the new medium-sized vehicle rose from $ 3,500 to $ 13,877.

Jonathan Burshich, who lives near Fort Lauderdale, Florida, the gap between the new and the use was too important for neglect. In December, he bought a well stocked and worn Audi Audi A4 $ 23,000 store, saving $ 16,000 less than the new one. .

A 25-year risk management broker reviewed prices on Google and found a new A4 “budget”. His parents continue to buy used cars, leave the latest features and save them thousands. Then he checked and found the Audi A4 46,000 miles a little over half of the new “which I think was very good value for money”.

Audi is not specialized technology, such as camcorder and control, Bursevich added. “If I do not like the stone-age and everything else, I’d love to save money,” he said.

The only reason for buying a new car is because the model is radically different or because it needs new technology, Drury said. But not all vehicles have been repaired and the technology has not changed significantly in recent years. Most 2 or 3 year old cars are equipped with swivel cameras and cars with Bluetooth connectivity, he said. Many have found blind spots and other features, he added.

Good stores are in motion, but they will be changed over the next few years by adding SUVs to rental cars, says Jeff Schuster, Senior Vice President of Predictor Company LMC Automotive.

With the rise in car sales and slower car prices, many merchants have changed their business model and are using second-hand cars.

David Kelleher, who runs the Fiat Chrysler dealership on the outskirts of Philadelphia, reduced car prices last year and developed. As a result, car sales doubled from 45 to 90, while new car sales remained stable.

Buyers say they go to a dealer who knows the average car price. “We estimate the market, not the previous model that had to change the device, store it in motion and get $ 2,500,” Kelleher said.

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