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Home › Used Car Flood from Off-Lease Units is Well Under Way

 

Used Car Flood from Off-Lease Units is Well Under Way

2014-04-24 00:25:36| AutomotiveDigest.com - Automotive Industry News

Manheim predicts off-lease units will rise to 2.1 million this year and 2.5 million in 2015. Its good news for dealers looking for reasonably priced late-model used vehicle, but it will also present a few problems. Greater supply means that new car buyers will see reduced trade-in values of their current vehicles. Plus, falling used-vehicle prices will bring falling residual prices, with the consumer having to pay more to make up the difference. The Article Used Car Flood from Off-Lease Units is Well Under Way appeared first on Automotive Digest.

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