The last few years have seen an increase in used car prices due to a combination of material shortages, high demand, and lower production of new cars.
Fortunately for buyers, we’re beginning to see a turn in this trend.
“Used car prices have likely peaked,” says an article from JP Morgan. They continue, saying, “In 2023, prices are expected to decline by roughly 10% for used cars.” We think that sounds promising.
That’s why the time is right to buy at CarShop. We have seen prices already start to come down at their various locations throughout the last few months, even as the quality of their vehicles remains an industry best.
Take CarShop’s ‘Certified’ vehicles, for example. You’ll always find a car that’s under 50,000 miles and less than four years old. Plus, the guarantees you get on their certified vehicles are still some of the best on the market: no dings, dents, or scratches; a lifetime engine guarantee; and a bumper-to-bumper warranty that lasts for the first 6 months or 6,000 miles (visit carshop.com for full details).
U.S. News & World Report also just shared that current prices present a great opportunity for buyers, not only because of lower prices but because of higher trade-in values. “You’ll likely get more money than you’re expecting when you sell or trade your current vehicle.” They report that “Equity (trade–in values) are still higher than ever.”
Luckily for you, CarShop makes trading-in your vehicle incredibly simple. Their offer to purchase your vehicle comes with complete transparency. Whether you want to simply sell them your vehicle or trade it in for a ‘like-new’ one, they make the process easy with their haggle-free, hassle-free policy. That’s how they do everything at CarShop.
To sum things up: prices are going down, and outlooks are looking bright for those looking to purchase a used vehicle in the future. Our advice? Visit your nearest CarShop location or click here to shop online and let them help you buy with confidence.
(Modified article credit: carshop.com)