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The Poor Economy Boosts The Sales Of Used Cars

images-63.jpgThe downturn of the U.S. economy has drivers steering toward purchasing used cars instead of new ones.

A recent survey examining 40 car retailers indicated used car sales have increased.  In fact, of the dealerships, 28 percent said that they had sold more used vehicles than expected.

Also, 82 percent of the dealerships indicated that their used car inventory is just enough.  This is up 64 percent from last year at the same time.

In addition, 15 percent of the dealerships claimed that they didn’t have enough inventories, which was higher than the 6 percent in the previous survey.

Used vehicle interest could represent a bright spot for an expected gloomy year in the automotive industry.  Consumers want to save money on cars, used car warranties, and auto loans.

Posted on Friday, February 27th, 2009 at 3:08 pm In Used Car Warranties  


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