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Blog Category: Used Auto Selling

Where Are Used Car Prices Headed?

NADA

After a big run-up in used car prices earlier this year, particularly for compact cars, it appears the trend is reversing. Unless it’s not. Yes, it is complicated, and we’ll explain. NADA (National Automobile Dealers Association) has released their monthly Guidelines report, and if you are considering buying a used vehicle, or trading one in, there’s important information you should know.

Looking to Sell Your Used Car? Now’s the Time!

There are several different stress points involved in the new car buying process, but the hardest one to get a handle on is what to do with your current car. “I could trade it in, but I won’t get what it’s worth. And how do I even know what it’s worth? The dealers say they don’t use Blue Book prices,” or “I know I can get get more if I sell it privately, but who knows how long it will take?”

Well, the best time to minimize the angst might be right now.

Trade-in values on used cars, especially late model, fuel efficient vehicles, should peak in the next few weeks, according to the National Automotive Dealers Association (NADA) Used Car Guide.

Tips on Selling Your Used Vehicle

Tips on selling your new car

Typically we post blog posts here about buying a new car and the best new vehicles on the market based on awards and innovation. Today we’re going to talk about used cars and how to sell your used car. Let’s face it, many people really just feel overwhelmed by the thought of selling their used vehicle.

It can be time consuming. You have to understand pricing and how best to advertise your vehicle. You have to deal with people who aren’t really serious about buying your vehicle but take up your time anyway. Yes, selling a used vehicle can be considered to be a hassle but in today’s automotive market, selling your vehicle privately can be a very smart decision.

Impacts of Saab Bankruptcy on Owners

In amongst the last-minute Christmas shopping and preparing for the holiday festivities, we received some sad news in the automotive industry. We’re sure you’ve heard by now, but last week Swedish Automobile AB, filed for bankruptcy in a Swedish court.

 

This announcement by the parent owner of Saab came after General Motors Co. refused to allow a bailout sale to two Chinese companies. For Saab who has not been able to pay any bills since March or its employees since August, this is a tough way to go out.

 

The big questions out there about this announcement include:

 

Industry Veteran and Expert Joni Gray Joins AutoBuying101.com Team

Throughout my own career in the automotive industry, I have been fortunate to work and gain an understanding on numerous aspects of auto shopping and buying through my work with companies related to auto finance, automotive values, dealer sales, inventory, government motor vehicle agencies, and consumer automotive resources.  To really understand the complexities of the auto buying process you need perspective from a number of different angles, and very few people have worked with different types of companies in the auto industry.

AutoBuying101.com Begins Video Tips and Creates New YouTube Channel

AutoBuying101.com Now On YouTube

The entire AutoBuying101.com team is excited to announce the addition of our own videos on YouTube, where you can find us at www.youtube.com/autobuying101

Along with adding our new vides to YouTube, we will be posting them right here on the Auto Buying Insider Blog and in other areas of our site.

TrueCar Adds Black Book Values to ClearBook.com Used Car Site

ClearBook partners with Black Book

The hardest part about trading in your pre-owned car, is knowing if you are getting a fair value for the car.  There are a number of resources, in print and online that can show you what the presumed value is and you can hope that you are making a good deal.

One of the best is Black Book.  No nonsense and completely independent, Black Book offers accurate and up to date pricing based not only on the condition of the car, but of other external markers that shape both the market and the industry.

New Auto Buying & Selling Resource: InspectMyRide.com

If you are in the market for a used auto to buy, or if you are thinking about selling your auto, having the vehicle inspected can be a critical step to ensure a smooth and fair transaction.

So, it’s great to see a new nationwide service launch that specializes in providing an independent, reliable, inspection of a vehicle.

AutoTrader Study: Actual Photos Of A Auto Help Increase Interest And Sales

If a picture is worth a thousand words, what does that translate to in the world of buying and selling autos?  According to AutoTrader, it is worth more auto sales to dealers, which can translate nicely into cold, hard cash.

Kelley Blue Book Launches New Tools for Private Party Sellers

The folks over at Kelley Blue Book just launched some helpful new tools to help those individuals looking to sell their vehicle.

Specifically the KBB tool includes:

- Customizable and Printable "For Sale" Window Sticker

- Digital Window Sticker with a link you can use to promote your for sale vehicle

- The KBB Private Party Value via KBB's LiveValue system