Low Auction, Fuel Prices Mean Good Deals For Buyers

The springtime brings plenty of new life to the world, and this year, it is also reinvigorating the used car market. After the doldrums of January and February, when car sales tend to slow, spring presents many opportunities for drivers looking to upgrade their rides. 

According to Kelley Blue Book's Market Report for February, auction values of vehicles are increasing. However, they still remain lower than they were at the same time in 2013, which means motorists may be able to find value if they know where to look. Affordable sticker prices aren't the only thing drivers can keep an eye out for, as the cost of fuel remains relatively low, as well. Although these expenses are expected to jump a bit throughout the spring, as is standard each year, the average mark will still be below 2013's figures. 

"Lower prices for fuel translate into more money in the consumer's pocket and more flexibility when choosing between vehicles with higher and lower mpg," said Alec Gutierrez, a senior analyst for Kelley Blue Book. "This benefits truck segments and can decrease demand in the hybrid or fuel-efficient segments. We expect fuel prices to rise slightly due to seasonal factors in the short term; however, fuel prices should remain below 2013 levels for the remainder of the year." 

With low fuel prices and relatively stable auction values, now could be the time to purchase a used car. 

Searching for the right pre-owned vehicle doesn't have to be difficult. At New Jersey State Auto Auction, there are hundreds of Carfax-certified cars, trucks and vans that offer high quality and affordable costs. One of these options may be right for you, so don't hesitate to browse through the selection and find the perfect match.