Implications: The cash for clunkers program took a lot of used vehicles out of the market during the Great Recession. At the same time, folks seeking to sneak by with spending less for a vehicle also placed strong demand on used vehicle inventories across the U.S. It seems that these and other market forces have colluded to make it more expensive to buy a used vehicle, a thought that could drive more buyers to the “new” side of the lot.
Friday, September 2, 2011
Financing for used vehicles approaching the level for new vehicle
A story in today’s Automotive Digest hints that the sums a consumer must finance to purchase a used car is approaching the cost of financing a new car. Click here to see the story, which originated at SubPrime Auto Finance News.