Automotive

Drop It Like Its a Used Car

Don’t freak out. We still have story after story of growth last month in the hopper. Find the market share that is out there for the taking, even in market shifts like this.
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Drop It Like Its a Used Car

Tell us something we didn’t know. It is hitting the airwaves that more than just the auto industry knows prices on used cars are dropping. With public companies like Carmax and AutoNation reporting sales volume declines in Q3, the fourth quarter has been home to a steadily dropping used car pricing trend.

Cox Automotive reported that new vehicle availability topped 1.4 million, up from its 1 million mark for the majority of the year. This, along with steep interest rate hikes have contributed to slowing showroom traffic and lower used car prices in many places across the country.

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