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Used Car Sales Rise As New Vehicles Become More Costly

The price difference between new and used vehicles has increased drastically within the past few years driving more buyers to look into opting for used low-mileage vehicles.

Auto makers have been adding in expensive high-tech features into their vehicles accounting for higher prices. The average price for a new vehicle stands at $36,848 as of December 2017, an all-time high.

On the other hand, a large number of leased vehicles are ending up on the used car market making it easier for prospective buyers to find well-maintained vehicles that are just a few years old. Many dealerships are also offering popular crossover and SUV’s for sale in their used inventory.

As a result, auto makers are offering discounts in order to maintain market share. Auto finance companies are also staying competitive by offering 0% financing deals and longer finance terms.

View our stock of used cars for sale in Meriden, CT below.

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