J.J. McCorvey
speaker
619 appearances
13 recordings
1 series
first heard May 2021
last heard Jul 2022
J.J. McCorvey’s voice in public audio — every appearance, attributed to the second.
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Appearances
The average used vehicle price increase at the moment is at $5,000.
And so a lot of consumers are seeing this as an opportunity to sell their vehicle and to make profit, or at least break even on what they bought it for before.
So to quote one expert I've talked to from J.D.
Power, everything is bonkers.
Prices for used vehicles right now are at a near all-time high.
Over the past 12 months, the index for used cars and trucks rose, like you said, nearly 42%.
The average used vehicle price increase at the moment is at $5,000.
And so a lot of consumers are seeing this as an opportunity to sell their vehicle and to make profit or at least break even on what they sold, what they bought it for before.
Car buyers will probably know that the price for new vehicles is kind of crazy right now, too.
So the average transaction for new vehicles recently surpassed
Forty thousand dollars, which is up almost 15 percent from last year.
And so, you know, the first thing you should think about before selling your current car in order to try to make a profit is, well, do I need to buy a new car?
Because you might not want to be out on this market trying to find new.
a new car because you know the environment is a bit crazy right now you also want to consider what your household situation is like do you have you know are you married or you live with your partner and you guys have you know one car or or two cars experts i talked to said that the people most likely to benefit from the current inflated prices are definitely people with
multiple cars.
So if you have one car, obviously you might think twice about selling that so that you won't be without a car or be jammed up and find yourself in a position where you can't find a new vehicle.
Yeah, so with most automotive transactions, you want to enter negotiations with as much data as possible.
You want to visit sites like CarMax to get your vehicle appraised, put in your make and model.
And I think most of those sites will go by your license plate as well and figure out what exactly is the value of your car.
Because you're selling your car, obviously you put some miles on it, so you might need repairs.
Showing 481–500 of 619 · page 25 of 31
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