The average three-year-old used vehicle cost buyers $14,443 less dollars then its new equivalent during the second quarter of 2019, according to the latest Used Vehicle report from Edmunds.
Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
The used-vehicle industry reached a record-breaking 39.2 million in sales in 2017, representing a 1.6% year-over-year increase, according to the latest Used Car Report from Edmunds.
Vehicles over 100,000 aren’t depreciating at the same as they used to due mostly to a tight supply of late-model used vehicles, according to Edmunds’ Q3 Used Vehicle Market Report.
A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.
Edmunds.com found that Honda’s average projected retained value is 50.4%, while Lexus’ average projected retained value is 48.1%. The award is based on the average five-year retained value of the carmaker’s 2011 models.
Rankings are based on five-year projections for all models across five vehicle segments.
Rankings are based on five-year projections for all models in five vehicle segments.
Edmunds.com's cross-shopping analysis indicates that 46 percent of Mercury shoppers currently consider Ford vehicles, and that Chevrolet and Honda are also popular alternatives.
With the limited supply of used vehicles, shoppers can save as much as $8,460 by purchasing a new car instead of a used version of the same vehicle.
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