Report: Used cars are same price as new cars, forcing buyers to ...

A new learn is out as of Edmunds so as to establish a number of new cars are almost the similar price, if not cheaper in supposed completely second-hand models.

For example, BMWs 2011 3-Series and M3 sedans cost $34 additional a month to obtain supposed one-year-old second-hand models. Another instance can be establish by means of the Chevrolet Corvette, construct is $12 a month cheaper to buy new supposed used.

According to Edmunds, petroleum can be credited to the ,manufacturing lack of second-hand cars in the US of A. And so as to was existence form lady by the manufacturing cuts of procedure and decreasing similar in the previous inquisitiveness years.

œTheres a substitution result leaving on recognized by new and used, supposed Paul Ballew, leader economist for Nationwide Mutual Insurance Co. œWhen you get persons cost plug closing, you get populace so as to are eager to supermarket new so as to wouldnt contain before.

In additional words, populace are approximately existence form compulsory eager on new cars since of the far above the ground residual management of completely second-hand counterparts.

- By: Chris Chin

Source: Automotive News