According to Kelley Blue Book, before this year, it was sensible not to sell or change your car at a time when there were exciting incentives for new cars, hoping to get the most productive deal imaginable in a new vehicle and hold on to your old vehicle. until later. Now it’s later.
“In mid-April, second-hand wholesale costs reached their lowest level, basically due to the company’s blockade,” said Matt DeLorenzo, editor-in-chief of Kelley Blue Book. “But now we’ve noticed a full recovery in wholesale: auction costs paid through used car dealerships reached record levels in June and July. This, combined with low inventories, raises retail costs.”