For used car buyers

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Consumers planning to buy a used car this year might be relieved to see lower windshield prices but will still find they have to navigate a distended car market. Potential car buyers should anticipate several trends when shopping for a used car this year.

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Cheaper Prices Compared to 2022

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As used-car prices drop, interest rates will rise. While this could put pressure on consumers who need to finance a car purchase, it should not deter them! Look into several lenders and compare rates. Getting pre-approved is also a good strategy to receive lower rates.

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Fluctuating trade-in values

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Consumer demand is still expected to be high following the vehicle shortage of years past. However, Pittsburgh Used Cars has a strong and growing inventory!

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ARE YOU READY TO GET STARTED?

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For used car buyers

What Dropping Prices Means

Consumers planning to buy a used car this year might be relieved to see lower windshield prices but will still find they have to navigate a distended car market. Potential car buyers should anticipate several trends when shopping for a used car this year.

Shopping used cars

Cheaper Prices Compared to 2022

Prices for used cars could fall as much as 10% to 20% in 2023. If the Federal Government continues to raise interest rates, vehicle prices will likely keep their downward trend.

As used-car prices drop, interest rates will rise. While this could put pressure on consumers who need to finance a car purchase, it should not deter them! Look into several lenders and compare rates. Getting pre-approved is also a good strategy to receive lower rates.

Continuation Of Ownership Costs

Fluctuating trade-in values

As dealerships expect to earn less on used-car sales, trade-in values will fall compared to the previous year. This should not raise fears, view our previous web story to see how you can ensure your car holds its value.

Consumer demand is still expected to be high following the vehicle shortage of years past. However, Pittsburgh Used Cars has a strong and growing inventory!

Relatively low inventory levels

ARE YOU READY TO GET STARTED?

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