Posted by wisbaker on August 03, 2012 at 13:27:57 from (207.118.135.5):
In Reply to: OT Used Pickup prices posted by dej(jed) on August 03, 2012 at 05:35:07:
I don't think it's so much the used car dealers "raising prices" on the used trucks as much as the market has driven prices up. As said in my previous post new truck prices have risen, that has trickled down to used prices being higher, people that may of bought new trucks can't afford them our are hesitant to spend the money with the weak economy and are buying used instead. Emission and fuel economy requirements have driven new prices up as well as the restructuring of the auto industry, if they accept they'll be selling fewer trucks their fixed costs will have to be spread out among the fewer trucks (higher fixed costs per unit). Cash for clunkers also took a lot of used units out of the market and the depressed sales on new vehicles for a few years is driving the residual prices of the vehicles that were sold higher. I also think we have accepted that a car or light truck can very well run 200,000 to 300,000 miles now so the perception of higher mileage vehicles has changed. 30 years ago we had an emotional attachment to a vehicle only lasting 100,000 miles. Heck our odometers only registered to 99,999.9 miles. Due to improvements in our vehicles, improved oils and fluids, changes in our vehicle usage and increased miles being driven we now accept a longer service life so a high mileage vehicle is worth more. Case in point the banks will lend more money on them, and available financing is another value determination in vehicles
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