May 01
Used-Car Prices Coming Down Quickly! but bottom in Prices Unlikely until early 2009!
Rising Lease Expiries Lift Supply, While Higher Unemployment Reduces Demand!
The Scotiabank Group - has just released it’s “Global Auto Report” by Carlos Gomes. The Gazette picked it up, but the National POST appears to have missed it! 2008-05-01bns_auto.pdf 2008-05-01gazette.pdf
Looks like you might want to really check out the prices before you jump!
Chrysler also Just Lowered prices! 2008-05-01nationalpost.pdf
And GM Lost $3.2 Billion! 2008-05-01nationalpost2.pdf
May 5th, 2008 at 10:29 am
The waiting game will pay some serious dividends for buyers in the near future on new and used. Especially since manufacturers have been pitching leases to keep traffic in showrooms high. This bodes well for LUXURY and SUV buyers. Example quote from an auto news report today..
: A 2005 BMW 530i, shown, was projected to retain a wholesale value of $26,600 after 36 months — the length of a typical lease. 36 months later … The 530i actually sold for an average wholesale price of about $23,000.
May 8th, 2008 at 11:09 am
Why did this site take down it’s post about Chrysler removing it’s build/price feature from it’s web site. It’s not available in Canada, it is in the USA!!! I thought this site was supporting the Canadian consumer, and I’m all for that. So, giving you the benefit of the doubt, what’s the story?