All my friends (okay, 1) who are wanting to buy a used car are shocked that used cars are worth so much. I tell them that they shouldn't be suprised that used cars are commanding a higher price, the supply of them has been artificially decrease (thank you Cash4Clunkers!). Supply down so prices are up. Any Second Grader (okay, my daughter) can tell you that when you have less of something (scarsity) than the value of that something goes up. (Think life preserver and drowning man.)
I hope that you find this article as informative as I did.
CARPE DIEM: 9th Monthly Increase in Used Vehicle Price Index
1 comment:
I would like to thank to Braxton for this useful post about used cars prices index. Well myself Jack Goldberg working as a dealer of second hand cars & used cars for sale. I would love to be a subscriber of this blog. I also have bookmarked this post :D
Regards,
Cars For Sale
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