After an extreme economy downfall that we saw in the United States, there were a lot of drawbacks for car markets because it was becoming harder to afford a vehicle. Well, now that the economy is on the rise, the used car market is expected to increase in 2014.
“With the U.S. economy improving while dealers and banks are writing auto loans to a wider array of buyers, used vehicles sales from franchised dealers will reach their highest level since 2005,” said Phillip LeBeau, CNBC Auto and Airline Reporter.
Because more customers are now able to receive the loans they need for a vehicle purchase, more vehicles are being driven off of lots. In 2013, 15.6 million used vehicles were sold, and that number is expected to reach about 16 million or more.
Along with a better economy, it is predicted that the price of vehicles on the used car market will decrease as well. With current prices ranging in the mid-teens, there can hope to be a decrease to the lower-teens or even into single digit prices, for some vehicles.
So this year make a resolution to come by and get a used car, truck, or SUV from Bates Nissan. It will be worth the stop!
We all know buying a car can be difficult and buying a used car can sometimes be worse, but Edmunds released their “best of the best” used cars on the market right now, and we’re lucky enough to have three on the Bates Nissan lot.
These vehicles were picked based on the reliability, safety, value and availability and these were based largely on consumer reports. All models picked were between the model years of 2006-2011.
The Hyundai Elantra was named the best compact sedan. The Elantra “offers solid build quality, reliability and operating economy” according to Edmunds. We believe the 2011 model to be the best though because of the roomier interior and luxury features such as keyless ignition/entry and heated rear seats.
2011 Ford Mustang GT
The Toyota Prius was named the best hybrid vehicle on the market currently. This vehicle will offer excellent fuel economy, no matter which year you consider. The 2010 model was redesigned with the driver and passengers in mind by providing a roomier interior with height-adjustable seats and a telescoping steering wheel adjustment.
The Ford Mustang GT was named the best used performance car. These “modern Mustangs provide plenty of fun along with a measure of practicality,” according to Edmunds and the acceleration and handling are both worth taking a look at.
Stop in to see our vehicles that we have in stock and we’ll gladly help you to find the best fit. To see the full list of best used vehicles, visit Edmunds.com.