If you were looking to sell your car over the past year or so, you could probably get a lot more for it as prices for used cars skyrocketed due to supply chain issues which slowed down new car production, among other factors.
BIRMINGHAM, Ala. - Used car prices are falling after setting record highs over the past year, but buying is still a challenge. We’re On Your Side looking into a few ways you can get in a used car and save money too.
“You can’t keep having car prices go up. At some point, they get priced out of the average consumer’s budget and they just stop buying,” Brauer said. “We’re seeing a little bit more inventory in the new car market with all the manufacturers getting on the lot and now we’re starting to see a little bit more of a rebound with some of that inventory coming back,” said Kevin Liles, General Manager at Edwards Chevrolet on Highway 280.
Also, check the history of the vehicle, which should include accidents as well as service visits. The history report shows you how the vehicle was maintained and the service history.“Geography does matter. If you are in a given market and you are looking for a specific vehicle type, maybe that type is very popular in your market and it’s much more expensive than it would be 100, 200, 500 miles away,” Brauer said.
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