Why 2013 is Expected to be a Great Year for Used Cars
Industry analysts predict that 2013 is going to be a great year in the used car market. Part of that relates to a lot of positive changes in the new car market, with new models coming out and an increase of sales. Another factor expected to affect the used car market is timing. According to industry experts, there is going to be an influx of used vehicles hitting the market as car leases come to an end this year. That means that people seeking used cars purchase opportunities are likely to see lower prices due to increased inventory and a need to move more vehicles off the lot.
According to a CBS News report from January 3, 2013, new car sales numbers were better in 2012 than they have been in 5 years. Manufacturers are pushing for even better numbers this year, and are expected to introduce about 40 revamped or completely new vehicle models in efforts to achieve that goal of continued industry sales and growth. Consumers buying new vehicles typically trade in their old ones or arrange sales prior to shopping for their new car or truck. That is expected to significantly increase the used car inventory throughout the nation.
A December 28, 2012, WSAW TV news report cited data from ConsumerAffairs.com that pointed to the increase of used vehicles expected to hit the market in 2013 due to a higher number of vehicle lease agreements coming to a close. According to their numbers, there will be 500,000 more agreements coming to an end this year than there were in 2012. This, according to the report, would push used car prices down. Their reporter said that used car industry experts expect to see prices fall by about $200 to $300, on the average. Naturally, the savvy shopper may encounter even better buying opportunities.
Used cars customers are sure to benefit from current auto industry sales trends. The Texas economy is one of the strongest in the nation. A better economy means a more active new vehicle market. That, in turn, contributes to a more active used car market. As the national and state used car inventory expands, the natural result is for prices to experience downward pressure. That offers excellent buying opportunities for the consumer preferring to buy a used car, instead of making the far larger financial commitment necessary for a new car. 2013 is set to be a great year for the savvy automotive shopper.
If you are interested in used cars in McAllen, TX contact @Eric_Regan who is part of a team of writers who have been published on countless blogs about everything to do with cars and many other interests