Prices for used cars in USA fall

Prices for used cars in USA fall

The prices of used cars in the U.S. continue to fall, and all because of the fact that the Americans began to prefer the new crossovers.

According to LMC Automotive, the prices of used cars can be reduced by 6% in 2017 and 3% to 5% in 2018.

The drop in prices of used cars is due to the increase in sales of new cars three years ago. The industry finally came out of the depression.

In 2014, the industry for the first time exceeded the best before the period of 2007 and recorded 16 million sales, according to Autodata. Sales continued to grow, increasing to 17.5 million last year.

Change and preferences of Americans. Compact and midsize sedans were popular in 2014, when gasoline prices averaged 3.44 USD per gallon. Now, when the price of gasoline is averaging about $ 2.28 per gallon, crowds of customers headed toward larger cars that burn more fuel. Naturally, the previously used sedans in large numbers offered for sale, because to pay for 2 Parking spaces very profitable. The offers on the market of used cars appeared in abundance, so the price falls.

But crossovers are not always honored. Experts predict that in the next decade the prices for them will plummet due to the active development of the market for electric vehicles and self-propelled cars.