The National Automobile Dealers Association projected an idea that eventually became true. They expected a 7% decline in the average price of a used car and it happened. In 2014, the average price for a used car was $16,025 and it dropped to under $15,00 in the year of 2016.
When you drive around you can look at all of the cars around you, understand that these cars are, on average, just about 11 years old. According to a new Edmunds Key Insights Report, the transaction prices reached a record high in 2014 averaged to about $30,000 for each vehicle. Here is what you need to know about getting a good deal and buying a used car.
If you want to get a modern used car, you will be able to enjoy buying a car for a low price and also getting all of the newly designed and developed equipment. This is important because adaptive headlights have helped property damage liability claims drop by 10%, per information from the Highway Loss Data Institute Research. In the United States, there were one more million vehicles sold in 2014 as opposed to 2013.
In that year of 2014, a tracking company called Autodata revealed that 16.5 million new cars were bought. You should know that just about 84% of all customers want to buy a car in person because they believe it is the right thing to do. Also, know that 43% of all consumers believe a dealership is a place where they can learn. This is ultimately why so many believe it is important to buy their car in person.
Getting a used car comes with the great innovations of modern day cars. Just about 40% of all drivers have stated that their preferred technologies are prevention features and blind spot detection, per information from a J.D. Power United States Tech Choice Study. In 2015, Generation Y customers accounted for 28% of all new-vehicle and used car sales and have stated they are willing to spend more than $3,500 on the technology alone for their next car.
The car company Cadillac managed to sell more than 250,000 vehicles sold across the world in the year of 2014. The car company Cadillac has been a leading luxury auto brand since the early 20th century in 1902. Overall, the sales of luxury cars in the United States have risen by 8% to about 1.2 million through the year of 2014.
Many car dealers will work with manufacturers to offer used car programs for newer used cars that are normally about three years old. These types of programs are great for everyone involved which includes the car lot, the manufacturer, and also the consumer. Rarely will you see all aspects of a business transaction benefit as often one person has to suffer for the gain of the others? However, the used car deals worked out with consumers are great for the consumer to get a high-quality car.
Every year, a large number of customers will go to car dealers across the nation so they can buy either a new car or a used car. No matter what you do, make sure you have thoroughly looked around for the best deal. Understand that there are so many types of cars and so many brands you can pick from. Look at what you want out of your car and then link that to what is offered by the car companies and dealers across the nation as well.