All Car Buyers Benefit From Changing Prices

While it is still early in 2014, many reports have indicated that the prices of used cars should fall in the coming months. Edmunds.com has added another to that list, becoming the latest auto organization to predict an excellent market for potential buyers of used cars. 

Edmunds.com credits improved new models from the past several years, which are inspiring drivers – even those who still have serviceable older cars – to buy. This adds high-quality offerings to the pool of used cars on the market. 

“Many car shoppers might not realize how much the new- and used-car markets feed off each other,” said Philip Reed, the consumer advice editor of Edmunds.com. “The boom in new car leases, for example, is leading to a higher number of lease returns, which adds to the growing inventory of used cars, forcing prices down.” 

In addition to lower prices, the influx of used cars for sale will give buyers a wider variety of vehicles to consider. Whether the automobiles represent more makes and models or different model years, the extra selection could allow drivers to more easily find the car of their dreams – within their budgets. 

There is one drawback to the surplus of used cars. Drivers who want to trade in their vehicles will likely be receiving lower offers in proportion to the drop in sticker prices. While this may not impact too many buyers or their decisions, it is still something that motorists should be aware of. 

Anyone searching for a used car at the right price should examine the selection of vehicles at NJ State Auto Auction. With hundreds of Carfax-certified cars, trucks and vans, there are plenty of options that could satisfy all kinds of drivers.