Venta De Autos Usados En Miami Baratos – Covid-19 boosts US used car sales In June, used car dealers sold 1.2 million used cars and trucks, up 22% from a year earlier. It is the highest since 2007.
One of the hallmarks of the American Dream is owning a year-old car. Although it had been in decline for a long time with successive recessions, fluctuations in the unemployment rate and wage freezes, Covid-19 dealt a fatal blow. People in the United States prefer to buy used cars.
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Having one is like a newly arrived immigrant or a student who got their first car as a gift from their parents to go to classes. And it was iconic, and some effort was made to renew it because, of course, it had been around for a long time.
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Well, not anymore. This prevents the effects of the coronavirus. New car dealership parking lots are full. On the other hand, those who sell used cars don’t even know how to use oil because it runs out quickly.
Jorge Alvarez sells cars at CarMax, a store outside the Miami airport and one of the most prominent used car companies. Its main feature is that the price is non-negotiable. So they are sold cheaply and with extensive warranties. He explains that the pandemic is beneficial for used car dealers.
“It’s true, our parking lots are constantly empty, we have to drive a lot to find new cars and fill the spaces,” he says.
Alvarez says people often buy used cars based on price because the pandemic has devastated their economies. “Many families have lost part of their income due to wage cuts, unemployment or job changes. Even commuting from home to work. He no longer needed the car he had. It will be exchanged for a used one.
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“Yes, you could say the new car industry is in crisis,” he emphasizes. Indeed, newspapers, especially Sunday ones, are full of ads and articles touting new cars at low prices, or explaining how sellers must get rid of 2020 cars to make room for next year’s cars, which start arriving in September.
Over the past five years, 17 million new cars have been sold in the United States. Some experts have suggested this number will drop to 14.6 million this year. Not everyone is optimistic.
“Car manufacturers have said that sales should not exceed 10 to 12 million. But the truth is that this can only be done if they manage certain operations like discounting and sales diversification which they have not done so far. They have to stop production and start over. “This will cost a lot of capital and if it has to be done multiple times, the consequences will be disastrous,” he said.
But consumers are taking advantage of the crisis to buy used vehicles as second or third cars to avoid commuting to work by train, bus or Uber during the pandemic. Others buy used cars instead of new cars to save money in an uncertain economy, wondering if their spouse will lose their job. A roughly two-month halt in production of new cars this spring boosted demand for used cars as the economy partially shut down.
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Used car prices across the country have skyrocketed. This increase goes against the conventional wisdom that newly purchased cars lose much of their value once they leave the dealership. The average value of used cars rose more than 16% in July, according to Edmunds.com.
According to Edmonds, used car dealers sold 1.2 million used cars and trucks in June, a 22% increase over the previous year and the most since 2007.
This turned the car sales business upside down. Because used cars don’t come directly from Detroit factories, he says, dealers typically have to work harder to buy cars to sell, including running ads and calling people to ask if they’re interested in selling. Your old car. That’s how demand for used cars grew during the pandemic.
“Used cars are supposed to depreciate, but I was looking at the car’s book value, which is higher than it was at the beginning of the month,” said Adam Silverlieb, president of Silko Honda in Raynham. , Massachusetts. . “I’ve never seen this before.”
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Silverleib recently sold a 2017 Honda Pilot with 22,000 miles to Suzanne Cray and her husband. The family lived with only one car. But said Cray, a nurse at Tufts Medical Center in Boston
The family needs another one to make sure no one has to use Uber or public transportation.
“We used Uber to go to restaurants. We don’t like to drive drunk. If you’re going to drink, don’t drive,” said Cray, who has treated coronavirus patients. “We don’t do that anymore. We bought our car instead.”
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