Is it possible that Turbo prices have hit bottom?
Is it possible that Turbo prices have hit bottom?
see article below from today's USA today...not that buying a Turbo is a sign of prudence....
By Chris Woodyard, USA TODAY
Used car salesmen are becoming the kings of the lot as demand for such vehicles is starting to rise.
While new car sales continue to fall, many dealers are finding buyers are willing to spring for a good used car instead.
The volume of used cars sold through dealers rose 3.1% in February compared with last year, the first year-over-year increase in 12 months, reports CNW Marketing Research. By contrast, new car sales slid 41.4% in February from a year ago.
Wholesale used car prices have risen steadily since October, including a 1.1% rise in February compared with January, says Tom Kontos, chief economist for Adesa Analytical Services, though they remain lower than in February 2008.
"People are trying to be a bit more responsible in their major purchases," Kontos says, making used cars more attractive. It's "another sign of prudence."
By Chris Woodyard, USA TODAY
Used car salesmen are becoming the kings of the lot as demand for such vehicles is starting to rise.
While new car sales continue to fall, many dealers are finding buyers are willing to spring for a good used car instead.
The volume of used cars sold through dealers rose 3.1% in February compared with last year, the first year-over-year increase in 12 months, reports CNW Marketing Research. By contrast, new car sales slid 41.4% in February from a year ago.
Wholesale used car prices have risen steadily since October, including a 1.1% rise in February compared with January, says Tom Kontos, chief economist for Adesa Analytical Services, though they remain lower than in February 2008.
"People are trying to be a bit more responsible in their major purchases," Kontos says, making used cars more attractive. It's "another sign of prudence."
i concur
Depends on the car. The collectables I believe, will hold their value or at least depreciate less, they are not making them any more. Especially the good low mileage ones. I think I got a good deal on my "S".
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