Prices of Large Used Pickup Trucks and SUVs Surge Over 20%
The average wholesale prices of large SUVs were up 25% this past May when compared to the same time last year. The prices of full-sized pickups are up 21%.
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.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
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
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate
the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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