Small Used Cars Increasing in Price
Tuesday, June 3rd, 2008With gas prices at $4/gallon, compact, more fuel efficient used cars are going up in price due to higher demand by car buyers while trucks and SUV’s are sitting on the lot, according to an article in the Courier Journal. “The average used Civic, for example, rose in value 2.7 percent from April 1 through May 11, according to data J.D. Power collects from new car dealers that also sell used cars. The price of used Ford Focuses rose 1.3 percent during the same time, from $9,838 to $9,963.”
The New York Times today reported that the trend is being seen in new cars as well. “…four fuel-efficient cars made by the Japanese automakers Toyota and Honda became the industry’s top sellers last month, according to figures released Tuesday. Toyota said it sold 104,117 of its Corolla compact car and Camry midsize sedan, while Honda reported 97,027 sales of its Civic compact and Accord midsize, along with record-high vehicle sales over all…The Civic and Corolla ranked first and second, respectively, taking positions that for decades have usually gone to the Ford F-series and Chevrolet Silverado pickups.”
Related posts:
- Selling Your Used Car: Tips on Increasing its Value By: Sarah E. Sanuth, is an insider in the automotive industry with many years of experience in the car dealership and repair business, is guest contributing an article sharing insightful tips increasing...
- Consumer Reports Uses Price Per MPG to Compare Fuel Efficient Cars Consumer Reports has developed a new metric to compare fuel-efficient cars by dividing the price of the car by the number of miles per gallon — Price / mpg. “If you want...
- Consumer Reports’ Best Fuel Efficient Used Cars Consumer Reports conducted fuel economy tests of used cars and created the list of vehicles that show the best results in terms of fuel efficiency and reliability. Here’s the link to the...
- Car Owners Hold On to their Cars Longer Some interesting stats from this weekend’s New York Times article about the fact that American car owners are holding on to their cars more during this economic recession. The median age of...
- Consumer Reports Best and Worst Used Cars Consumer Reports just came out with its list of best and worst used cars selected from the past 10 model years from 1998-2007, based on data from Consumer Reports’ 2007 Annual Car...