What are consumers looking for in the Used Car Market?
Fuel efficiency – one of the clearest indicators of high resale retention is good fuel efficiency. Used Prius hybrids have performed well in the States and continue to be in high demand. Small cars are outperforming medium and larger sized vehicles in almost every sector as they tend to be more economical in their fuel consumption. Low Odometer Readings – consumers continue to look at odometer readings to gauge the value of a car, and higher kilometres means lower price. Many sneaky sellers (including some dealers) try and use this to their advantage by fiddling with odometer readings to get a higher valuation on the car. Consumers can protect themselves by getting a car history report, which includes a REVs check on the vehicle they intend to purchase. It’ll give a summary of known odometer readings and alert you to any suspicious activity. Power options – Power windows and doors are considered a must have for vehicles in the used car market. CD/DVD players also significantly contribu
