I have been tracking several preowned car prices over the past couple of months and have started to notice a downward price adjustments on some of the car buying sites. After seeing what appears to be a new trend, I searched the topic and the answers ranged from yes, no and maybe. Hardly a definitive or conclusive search, and to be clear, I am aware of the issues at hand, supply constraints, low preowned inventory, increased car buying craze, etc.
My question is very specific, that is, in your recent searches have you noticed preowned car pricing to be on a downward trend?
I have also noticed a few other things cars that are priced a tad high are just languishing on the car buying sites plus preowned cars are taking a bit longer to sell.
Thoughts, observations?
The high prices of used cars may finally be dropping: Sonic Automotive president
My question is very specific, that is, in your recent searches have you noticed preowned car pricing to be on a downward trend?
I have also noticed a few other things cars that are priced a tad high are just languishing on the car buying sites plus preowned cars are taking a bit longer to sell.
Thoughts, observations?
The high prices of used cars may finally be dropping: Sonic Automotive president