A #paducah #ky #used #car #blog that gives you up-to-date information on changes in the used car markets. We report updated prices and buying trends and sell #police #impound #auction #cars. #paducahusedcarsforsale
Monday, October 15, 2012
MORE CAR SHOPPERS USE MOBILE DEVICES
The Old days of combing newspaper ads and spending the weekends traveling from dealership to dealership are completely over. The new consumer uses smartphones, tablets, and websites to compare prices, warranty information and rebates to vehicle buyers. The majority of buyers shop from home and buy within one week of online shopping. The digital experience and dealer interaction is very important and general speaking dealers with out of date websites and slow moving websites are going to miss the boat in sales and and customer satisfaction. Inventory selection, brand and model selection all play into the overall end of the month tally as to whether your lot makes the sale or the guy 25 miles down the road gets the business. Digital presence and price seem to be the big big concerns of the new car buyer. Manufacturer websites rank higher than the local new dealership.
Thursday, October 11, 2012
WHOLESALE CAR PRICES FLAT
WHOLESALE CAR PRICES FLAT
USED CAR NEWS the leading publication that used and new car dealers live and die by report that used car wholesale prices remainded flat for the month of August and September. Segments with significantly higher prices in September versus August were full-size cars, and full size vans, full size SUV's and luxury SUV's and luxury cars.
The average price for a used car for the month of August was $9550.00. The question is with this aveage price for a used car what do people unemployed with bad credit do for a vehicle. Buy Here Pay here car lots, take a taxi, or ride a bus????
In 1929 more cadillac's were sold than any year in history. The above information only reconfirms the rich keep getting richer and the poor keep getting poorer.
TEN THINGS TO CHECK ON YOUR CAR FOR WINTER
FEDS WARN OF FAKE AIRBAGS
FEDS WARN OF FAKE AIRBAGS
THE U. S. Department of Transportation has issued a consumer safety alert regarding the dangers of having nonprofessional auto repairs shops install new airbags to a vehicle that has been damaged in an accident. The cost for airbag replacement can be in excess of $1000. and the counterfeit airbags look identical with the identical markings of the original equipment. Only cars that have had airbags replaced in the last three years are at risk.
Wednesday, September 12, 2012
LUXURY VEHICLES SEE PRICE DECLINE
Despite the fact we keep hearing that the economic recovery is ontrack but just a little slower than expected and that the economic stimulus money is just now kicking in even the rich are watching their money. Used Car News just reported that The Kelley Blue Book which is the New and Used Car Dealer's Bible of car prices states that last month their was a steep decline in the price of luxury vehicles. In August, values of used luxury vehicles declined by 1.7 to 2.5 per cent slightly more than the industry average. Compared to this time last year prices are 7-10% lower on average.
Consumers considering a 2009 model year luxury car can find vehicles selling 57 per cent of orginal MSRP, which is far below the industry average. Taking in consideration that gas prices often times effect luxury car prices but the big item is the unstable economy. Keep that Honda and Toyota it will probably be worth more than the cadillac, lexus, or bmw.
Monday, September 10, 2012
HOW MUCH IS THAT NEW CAR GOING TO COST
The price of a new car has risen to $30,369.00 from $29,882 in 2011.
Hundreds and thousands of dollars or often added into the purchase price even after you have come to an agreed price. This practice enables the dealer to enhance his profit on each unit. The extra features might be worth it in some cases but many first time new car buyers want the new 30.000 investment to last a long time and will pay for many unneeded over priced options Checkout the below examples
NITROGEN TIRE FILL FOR 4 TIRES $245.00
REGULAR AIR IS ALL YOU NEED TIRES HAVE USED REGULAR AIR FOR 75 YEARS RIP OFF
UNDER COATING $1500.00
ALL NEW CARS COME WITH A FACTORY UNDER COAT THAT PROTECTS CARS NOT NEEDED
ELECTRONIC FILING AND TRANSFER $50.00
GO TO DMV WITH THE FORMS AND DO IT YOURSELF
TITLE AND REG FEES $150.00
DO IT YOURSELF GO TO DMV
CAR SERVICE $250.00
YOUR INSURANCE AND AAA CAR CLUB WILL COVER EVERYTHING YOU NEED THE DEALER GETS 1/2 OF THIS FEE IN COMMISSION
LOAN ORGINATION FEE $295.00
GO TO YOUR BANK OR CREDIT UNION AND ARRANGE FINANCING YOURSELF
DESTINATION CHARGE $795.00
WHY SHOULD YOU PAY FOR THE DEALER TO TRANSPORT A CAR TO HIS LOT: DOES WALMART CHARGE YOU FOR THE TRANSPORT OF MILK AND FOOD
EXTENDED WARRANTY $3500.00
MOST NEW CARS HAVE A FACTORY 50,000 MILE WARRANTY IN PLACE
The country is in an economic depression the new car dealers seem to want to pass on their losses to the few people that can afford a new car by these add'ons. If you have a good credit score you will be able to get many of these extra's removed from the purchase price if you haggle.
NEW CAR PRICES SURGE USED CARS LOWER
The Wall Street Journal reported on September 9, 2012 the summer rally for new cars is on track. New Car sales well above projections are soaring. The question one must ask yourself is? Are people buying out of neccessity or buying because of incentives from GM, Ford and Chrysler. Today, it was noted that GM loses 49,000 per volt that is sold. How, can you repay bailout money losing 49,000 per unit you tell me. Toyota is noteing a slowdown in the sell of the Hybrid Prisus. Manheim Auction and Marketing reported a decline in the wholesale price of used cars. The Used Car Value Index droped 120.7 or 2.4 per cent. The index adjusts prices for mix mileage and seasonality. This is the 5th straight month of decline. August's month was substantially less than what occured in each of the prior three months. The average auction price for rental cars and risk units slipped again in August. End -of -service units saw lower than expected sales price nationwide.
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