Jump to content
Create New...
  • William Maley
    William Maley

    Used Car Prices Are Dropping

    William Maley

    Staff Writer - CheersandGears.com

    July 30, 2013

    Interested in buying a used car? Then we got some good news for you.

    According to Associated Press (via The Detroit News), prices of used cars are dropping. Despite hitting an all-time high back in 2011 thanks to fewer used cars in stock, prices since then have been declining. According to to data from auction company Manheim, the average sale price of a vehicle at auction in June was $11,031, down 6 percent when compared to the peak of used car prices in May 2011.

    The reason? Sales of new vehicles are on the rise, which means an increase of used cars.

    Which vehicle segment saw the largest drop? That would be hybrids which saw a 15 percent drop in their three-year value. Following that are compact cars which saw an 8.5 percent drop and small SUVs with a 7 percent drop. Luxury vehicles and trucks saw the lowest drop of one percent.

    Source: The Detroit News

    William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

    User Feedback

    Recommended Comments

    With the recovery from the storms pretty much over, people that needed to get an auto right away are taken care of and now it is focused on other things. Plus the variety of new quality cars are making people hold off on buying an older less quality auto and buy something new. IMO

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Community Hive Community Hive

    Community Hive allows you to follow your favorite communities all in one place.

    Follow on Community Hive
  • Similar Content

  • Posts

    • MECHANICAL PHOTOS The engine bay is neatly arranged as it typically is in GM products, with dipsticks, reservoirs, and an easy to reach battery ... someone would have had to help me find the turbocharger One can see 3 exhaust manifold passages below the engine shroud The engine placard says 1.3 liters and long running OBD II diagnostics - - - - - END OF PHOTOS
    • INTERIOR PHOTOS This is what the driver sees upon entering and the light switches are in their own small panel (set to auto) This is the view from the passenger's door and this provides a good view of the outlets above and buttons below the cubby space at the front of the console The dashboard is very sensibly arranged, easy to learn, and easy on the eyes ... note several push buttons for drive mode, traction, etc. right ahead of the shift lever and various plugs right below the climate control panel.  The touch screen is engaged and the vents above the center stack provide excellent air circulation. This shows typical Chevrolet gauge graphics, a fuel gauge with graphic bars, and an always useful coolant temperature gauge.  Key lights for driving modes (traction, following distance, etc.) are above the graphic display box between the 2 round gauges. This is the typical graphic box in various Chevrolets and, once it has been learned, toggling between trip, vehicle, and eco. becomes easy.  Trip has the most options while eco. rarely needs to be used.  To the left of the odometer is the graphic which shows AWD or 2WD. Cubby hole for phone, outlets for plugs, and push button controls (partial, at the right) sensibly arranged as well as honeycomb hatch to look like it could have been fabric Rear seat legroom appears to be respectable.  The two-tone effect on the fabric is fairly nice and there are map pockets behind both front seats. This shows the rearward view from the driver's seat which would make lane change and parking assists helpful The rear seats follow a "60-40" (long running car jargon) split back, a courtesy lamp, and a groove for the rear cover (which was not present in the vehicle) This gives an idea of the cargo space with the rear seats in their upright position as well as 2 usable storage wells at each side of the rear cargo area
    • EXTERIOR PHOTOS The side view shows the more compact shape and the sheet metal accents, attractive alloy wheels, and a roof rack  The angled rear view shows taillamps which look fairly true-to-form for Chevrolet, but the liftgate is slightly heavy to pull up and push back down ... a person also has to make sure it's fully shut The angled front view shows attractive (LED) lighting
    • Seems Kia will have a faster model above the GT-Line EV9, expected to be over 600 HP and Torque. Kia is presenting a great plan. Kia CEO Investor Day Kia presents 2030 roadmap to become global sustainable mobility leader
    • Yeah, yard guy was out about 3 weeks ago, we discussed plans for this year...started this week since I was on vacation last week...the front hadn't grown much, the back was getting big in places...lots of rain this Spring.  Trees just started blooming in the last week..
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings