About Real Car Tips
Profile Pic
Find the Best Car Deals Near You ⤵

Buying a New Car More Attractive Due to Higher Used Car Prices

Used Car Prices Due to the large drop in new car sales over the last year, used car prices have been steadily inching up.

The average wholesale price of a used vehicle in June was $10,167, according to ADESA Auctions. This is the first time the average price broke the $10,000 level in over a year.

In addition to weak new car sales, rental car companies have been keeping their cars longer instead of selling them at auction after only 2 to 3 years. This has reduced the number of used cars for sale.

This is all good news if you're looking to buy a new car and have a trade-in. Higher used car prices makes buying new more attractive while also increasing the amount you get for your trade-in.

Some used cars have gone up in value so quickly, the pricing guides have not kept up with the changes. Keep that in mind if you're going to be selling your used car, you don't want to get short-changed. Use our Car Trade-In Tips to get the best price for your used car.






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).
Select Vehicle to Get Local Pricing

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...


(Absolutely NO SPAM, easy to unsubscribe)
×

About The Author

Gregg Fidan 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.

Latest Weekly Car Buying Tips

September 2022

August 2022

I welcome your car buying questions. Email Me and I'll be glad to answer them!





Your Zip Code:
processing...