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RAB Research Archive

Report reveals older, more affordable used vehicles becoming scarce



For consumers considering trading in or selling their older used vehicle, 2017 could be the perfect time to take the leap, according to the latest "Used Vehicle Market Report" from Edmunds. The expert analysts at the leading car shopping and information platform predict a record number of off-lease vehicles will fill dealer lots and that a declining number of older trade-ins will put significant upward pressure on the late model used market this year. The average used vehicle trade-in is six-years-old, and Edmunds predicts the number of trade-ins will dip below six million this year for the first time since 2012.

Source: Edmunds



View or Download: https://www.edmunds.com/about/press/edmunds-report-reveals-older-more-affordable-used-vehicles-becoming-scarce.html

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