Both BCA and Manheim Report Higher Used Prices in June 2014 than in June 2013.
Tag Archives: Used car values
GM sales, used-car values hold up through recalls
By TOM KRISHER
Consumers looking for a used vehicle aren’t shying away from GM models — even though more than 20 million GM cars and trucks have been recalled this year.
Used car values are rising
The auction group, BCA, says that used car values are going up. It says that the reduction in new car sales over the last few years has meant fewer cars coming to auction, and therefore rising prices. It might seem a paradox that used car values rise in a recession, but it is all a question of supply and demand – the fewer the number of new cars sold, the more they are worth when they are two or three years old.
