Monday, November 28, 2016

Think Small to Save Big!



       



          Trying to find a car for your teenager?  Or trying to find that new ride to make your way back and forth to work? If your trying to do it without breaking the bank, the best deals are amongst the smaller passenger cars, while pick-up trucks and SUVs are some of the worst deals.

         Subcompact cars are the best overall deals on used cars right now, and prices overall have dropped by 6.3% percent over the last year to an average of $11,461. These cars include the Chevy Sonic, Ford Fiesta, Hyundai Accent and Toyota Yaris. Prices like that really help out in the long run if you’re trying to get a dependable car at a reasonable price.  And compact cars, including the Chevrolet Cruze, Ford Focus, Honda Civic, and Toyota Corolla, dropped by 2.0% in value to a still-affordable average $12,153.

Edmunds.com Sr. Analyst Ivan Drury says
“Prices are down for these vehicles because there is so much more demand for used trucks and SUVs. There are also lots of smaller cars coming back to the used car market as people trade up into larger vehicles.”

        Trucks and SUV’s on the other end have been steadily gaining in price over the last few years due to their increased demand. Smaller pickup trucks Nissan Frontier, Toyota Tacoma, Chevrolet Colorado and GMC Canyon have rose by 10.1% averaging about $18,978. While the large SUV market is up 8.9% and prices raising to an Average of $26,852.

Edmunds.com put together a list of vehicles that are the best value:




Best Used Car Values

      Subcompact Cars: -6.3%; average $11,461
·         Compact Cars: -2.0%; average $12,153
·         Midsize Cars: -1.0%; average $13,892
·         Large Crossover SUVs: -0.6%; average $22,182
·         Premium Luxury Cars: +0.3%; average $45,442

Worst Used-Car Deals

·         Compact Pickups: +10.1%; average $18,978
·         Large SUVs: +8.9%; average $26,852
·         Luxury SUVs: +7.7%; average $40,531
·         Midsize SUVs: +7.6%; average $22,477
·         Large Cars: +2.7%; average $15,315


Hope that this helps you in picking out your next new-to-you car! Check out our Inventory and Contact us now to test drive your future can today!

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