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      06-28-2011, 01:50 PM   #1

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Settling of used car prices

Curious when people think that used car prices might settle back down? Particularly the import/Japanese market.

Been watching the market and between the tsunami, gas prices, etc. Used Japanese cars are asking a hell of a premium (making me wish I had bought one a couple years back!). Anyone have any thoughts/insight on when it might all settle back down?
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      06-28-2011, 01:54 PM   #2

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Good question. We are just starting to see manufacturing settle down. As you can know, there is backlogged demand for all Japanese imports, so wait a few more months before things are back to normal. Great time to pick up a used bimmer, though
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      06-28-2011, 07:03 PM   #3
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I think, while the tsunami is still disrupting new car sales, consumer credit remains tight (or, more accurately, lending terms remain onerous for borrowers with sub-optimal credit), unemployment continues to depress purchasing power, and new cars continue to suck, there is going to be robust demand for used cars.
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      06-28-2011, 07:17 PM   #4
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Not till unemployment starts to drop noticeably. People will be more willing to commit income to new cars once they feel more confident about the job market.
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