While not all of the headlines we’ve seen in 2020 have been uplifting, this year does have at least one treat in store. If you’re in the market to buy a used car, the experts think this may be the time.
The Manheim Used Vehicle Index features a Manheim Market Report that looks at changes in the market. It found that there was an almost 12 percent drop in wholesale used vehicle prices in early April, compared to March prices. The report found that prices fell in all major segments, with vehicles that were three years old falling almost 5 percent.
Car and Driver compiled a list of vehicles that they recommend in the $5,000 range. It included favorites like the Ford Ranger, Toyota Sequoia, Honda Accord, and Jeep Wrangler. iSeeCars also released its recommendations, and it featured a 2015 Mazda6 for around $13,000 that was the best option in 20 metro areas.
It is worth noting that you may get less money for your used vehicle if you choose to sell it or trade it in. So, make sure to factor that into your decision-making process. Of course, the financial experts here at Village Motors of Conover are always ready to work with you do secure a great deal on your trade-in.
Additionally, despite the dip in the market, the Manheim Market Report found that sales for used luxury cars and SUVs are still going strong.
If you’re ready to get the deal of a lifetime on a high-quality used vehicle, please stop by Village Motors of Conover and browse our lot.