U.S. demand for used cars rises
Posted on Monday, September 24, 2012 at 8:54:41 PM
Just in time for fall, many Americans are taking the time to look at the used-car market to determine if it is the right time to buy. According to Market Place, Ford’s auto sales were up 12.6 percent in August compared to the same time a year ago, while Chrysler’s sales improved a whopping 14 percent. These positive figures are translating into an increase in used cars on the market, and buyers are beginning to take notice.
Before a consumer starts looking at potential cars, they should identify the qualities they are looking for in an auto.
"[Consumers need to ask themselves] who is going to be driving the vehicle and where as well as overall budget factors. Generally speaking I would be looking for a late model, low mileage, clean in and out used vehicle. The later the model and the lower the mileage usually equates to better reliability but also a higher ticket. Then go from there in selecting a vehicle that meets your needs as well as your wallet," said auto lending expert Christine Dikdan.