Prices of Large Used Pickup Trucks and SUVs Surge Over 20%
Why the huge surge in prices? Last year, when gas prices started hitting record highs, sales of gas-guzzlers plunged. Nobody wanted them (which is exactly when you should buy them).
Now that gas prices have come down, people are again flocking to trucks and SUVs.
If you're looking to buy one of these large trucks or SUVs, you missed your best opportunity last summer.
Many analyts expect gas prices to level off this summer, but if they do shoot up like last year, we can expect the prices of these vehicles to come back down.
That's when you want to make your move! Remember, car prices are all about supply and demand. You want to buy when demand is low and hold off when demand is high. As much as everyone hates high gas prices, if you want to buy a large truck, you should be hoping for higher gas prices to save thousands on a new or used truck.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid