Eighty percent of car buyers are using the Internet to research cars and used car prices. For vehicle research, the Internets great! For vehicle prices, the Internet sucks! It sucks because the prices do not reflect reality for the buyer or the seller. Web sites that place values on vehicles have created more confusion than ever.
Used Car Prices: What’s My Car Worth? Myths And Facts
Whats my vehicle worth? What a question! I wish that after 20 years in the automotive industry there was a simple answer. One would think that with all the information available it would make prices and values easier to obtain. In fact, in many ways, the numbers are more unclear than ever.
Used Car Pricing: The Insanity Of Used Car Prices!
Used car prices are elusive, despite numerous attempts to harness them. Weve all heard of Retail, Private Party and Trade-in values. But do these help in determining a vehicles real value? When we turn to the web for prices, it gets even more elusive. One web site places a retail value on a car at $18,000. Another puts it at $21,000. What should we believe?