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FINANCIAL CHRONICLE™ » FUN CHRONICLE™ » A Good Time to Trade in Gently Used Car -Is it Same SriLanka

A Good Time to Trade in Gently Used Car -Is it Same SriLanka

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milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
By Joseph B. White | The Wall Street Journal – Wed, Jun 8, 2011 5:20 PM EDT

That three-year-old car sitting in the driveway may not seem so exciting anymore, but to some car dealers it could be gold.

Informed shoppers with well-maintained cars to trade in have an unusual opportunity to take advantage of what industry analysts say is a record peak in used-car prices. Resale and trade-in values for late-model vehicles in good condition have been rising all year as demand has outstripped supply, particularly for fuel-efficient models.

Among the forces driving up used-car values is a shortage of many popular Japanese models due to production slowdowns following the March earthquake. And the sales collapse during the 2008 and 2009 financial crisis means fewer two- and three-year-old cars are available.

http://autos.yahoo.com/news/a-good-time-to-trade-in-that-gently-used-car.html

What do you think about the used Car Market in Sri Lanka.

http://forum.srilankaequity.com/u188

optimistic

optimistic
Manager - Equity Analytics
Manager - Equity Analytics
used car market in Sri Lanka has more value than of any other country in the world i guess. i think this can be due to the affordability of repairs and the availability of spare parts.

i think doing trade ins, we will be the losers in the end. because the dealers will anyway keep their margins on the new car while getting the best bargains for used cars. thus dealers love the idea of trade ins. so ultimately they will be winners in both ends.

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