Used car prices are dropping
Used cars pricing has dropped 2.7% month over month. And 7.3% since last year which means that used car prices are at the lowest for 2023.
New light weight vehicles and fleet vehicles are rising in demand or sales as you wish you’re seeing a bump in new car sales from last year.
The benefits of used cars prices dropping
Just to know if you are looking for a used car in your area of metro Detroit. Used car prices that have fallen could be benefiting consumers more than the dealerships themselves.
Interest rates and inflation have level the playing field for buyers and sellers. But store owners AK dealerships in MetroDetroit are anticipating better business to come in the future months ahead.
What new car price tags can do
But if you are a car buyer right now, the new car price tag will eventually push you back into the used car market for shoppers both in dealerships and online. But if that happens, the used car price may go sky high. However, affordability may spur preowned car market demand or I could simply force the manufactures to offer incentives and more discounts but that’s still unknown.
In some areas of Metro Detroit, and can be hard to find a car of any kind. That’s why it’s best to connect with a local car lot that may have what you’re looking for in inventory and you can start all this online right now.
Use online shopping tools for cars
You can use online shopping tools to find vehicles from a Subaru Crosstrek, Chevy trailblazer, to Mazda CX-5 or a Chevy Silverado 1500. We can help you find a car dealer that has an assortment of these vehicles in the real time inventory today. There is no time like the present to purchase new cars or used cars.
