If you're thinking about buying a used car, Kelley Blue Book has some very important, dare we say urgent, advice. Buy now - don't wait!
This insight is in no way biased by Walser Mazda. The fact of the matter is, KKB has insight into the industry that we simply doesn't. That is, prices on used-car models are currently lower than they've been earlier in 2011. Depending on how long you've been in the market for a used car, you might have noticed prices took a pretty steep hike when gas prices hit record highs and following the devastating earthquake and tsunami in Japan and subsequent inventory shortages. Right now, however, used car buyers are enjoying the money-saving deals that come with low demand typical in the month of December. However, independent firm, KKB, warns that prices will not remain desirable for very long.
This alone might not come as earth-shattering news. Used-car prices do typically rise between one- and four percent in the first quarter. This year, however, forecasts put that already noticeable increase between two- and four percent higher. As Alec Gutierrez, Manager, Vehicle Valuation, KKB explains, "...Values may increase four to six percent."1
Circumstances spurring a more severe spike in used car prices nationwide January-March 2012 are, again, a matter of supply. Industry experts are projecting a potentially serious shortfall in used-car supply levels, thanks to low new-car sales two and three years ago. Yes, that was during the global economic crisis, the reverberations of which many people continue to feel today. Paltry sales during that unfortunate period are expected to translate into fewer trade-ins and lease returns. Hence, less-than-optimal used-car inventory levels.
The moral of the story is clear. If you want to get the best deal for a used car, your chances are significantly higher if you buy before the end of the year, rather than wait for 2012. The reason we're telling you this...Because, it's a simple market phenomenon every consumer should know. From our experience at Walser Mazda, informed consumers are happier in the long-term.
To learn more about the extensive, used car lineup available at our greater Minneapolis car dealership, contact us here. Or, visit us in person. Conveniently located at 14720 Buck Hill Road in Burnsville, MN 55306, we're not only easy to find, but happy to share complete car specs, compare models, and arrange test drives. Perhaps more important, we have a team dedicated to getting you the best used car financing terms and conditions possible. At Walser Mazda we do more than sell used cars, we ensure our customers remain satisfied with their decision to choose us from the moment they walk through the door to the times they return for used car service or parts; from every time they make a scheduled payment on their used car to a long, long way down the road when they're in the market for their next used car.