When it comes to looking for used vehicles, many people want the best possible bang for their buck. However, some consumers may have noticed an increase in pricing over the past couple years. While used autos may be at a higher price than they were in years' past, they're actually in better condition as automakers are increasing quality.
People who are looking for used car deals may want to consider setting their sights on midsize sedans, as MoneyWatch reports they're decreasing in price. The news provider reports that because of the many 2013 redesigns, more individuals could be interested in new car shopping, leaving a greater number of used vehicles up for grabs.
Additionally, the news source reports that because midsize sedans may have lower gas mileage than their newer counterparts, they may go down in price.
While used cars are lasting longer, another factor in price is that people are holding onto their vehicles longer, causing for a shortage in inventory. NBC News reports that people are buying new cars, but not as often as they once did.
"The days when you bought a vehicle for 4 or 5 years are likely over," Anthony Pratt, Polk director of forecasting, told the news provider.
Part of this is due to people being purchase-shy during the recession. Another factor is the reliability in vehicles has increased.
No matter what you're looking for in a used vehicle, there's a strong chance you'll find it at New Jersey State Auto Auction. The company features a number of different models that come in all kinds of finishes and mileage, so you're sure to find something that meets your needs.