Get My Auto Looks Forward to 2017 as a Great Time to Buy a Used Car
According to a new press statement from Get My Auto, new car prices are set to increase in 2017—but used car prices will drop.
Irvine, CA, January 26, 2017 (Newswire.com) - The coming year is likely to be a good one for U.S. car consumers. More and more new vehicles are coming to market with historically sophisticated technology. Interest rates remain low. And used car prices, already incredibly affordable, are poised to drop even further. In a new statement to the press, Get My Auto unpacks these trends and offers some predictions for the coming year.
“If you’re looking for a top-of-the-line new car, there will be some great ones coming out—though they will certainly not be cheap,” comments Get My Auto. Indeed, the average price for a new vehicle is currently $32,000, the highest in history. Get My Auto predicts that it will rise even further in the months to come.
On the flipside, though, used car prices have actually declined in the past year—and Get My Auto believes that they will fall further. “A lot of vehicles are coming off of lease, and are hitting used car lots at historically low prices,” Get My Auto explains, “It’s simple supply and demand. Right now, the supply of used cars is sharply increasing, and that’s keeping prices down.”
For consumers, then, the choice is clear: Buy a sophisticated new vehicle for a high price, or get a truly great deal on a used car. Either way, Get My Auto says, the buyer comes out a winner.
“It is important to emphasize, however, that while used cars may not have quite as many bells and whistles, they are reliable, well-engineered, and valuable,” the press statement continues. “Even a two- or three-year-old car can be obtained for a fraction of its original sticker price. For value and affordability, used cars are a no-brainer, and they are only going to become more attractive as the year progresses.”
Get My Auto encourages consumers to shop around at a reputable used car dealership before deciding on a brand new vehicle.
Follow Get My Auto on social media to learn more about everything that is going on in the world of used vehicles.
Orange County based Get My Auto is an informational website about used vehicles. Its aim is to educate consumers about their pre-owned vehicle choices. Content on the site includes automotive reviews, cost data, and general tips about seeking out and purchasing used vehicles. More information can be found on the Web at www.getmyauto.com. Get My Auto is headquartered in Orange County, California. Additionally, Get My Auto can be contacted at: 17901 Von Karman, Suite 667, Irvine, CA 92614, or reach by phone at 949.408.3264.
Source: Get My Auto