The main news outlets have it wrong about inflated car prices…

Peeling back the onion

Main tv media and some economic outlets claim inflation is the biggest and even sole reason for car price increases……. it’s not. Knowing the real reasons for this can help you be a winner in today’s market. New car outlooks in 2022/2023 forecasting has created a used car frenzy that is driving the price of used vehicles higher and higher. Dealers have to fill their lots up with something. With the commercial used vehicle market down 75% it’s inter-dealer traded vehicles that are left to fill up that lot space.

As I referenced in my post last week . The price of used cars is no longer a certainty but a relative consideration. That being said if you’re in the market for a new used car the deal on the table today is the best deal you’re going to get at least for the next 4 to 6 months. Case in point if you bought a car in July you paid significantly less than if you waited hoping the price would go down and are having to buy in October. However if you’re buying in October you’re going to pay significantly less than if you buy in say January or February. If you need a used vehicle now is the time to buy. The good news is every car buyer can be a winner in today market if they do their research and make a purchase decision that’s right for them.