3 ms·
So the used car market doesn’t know what Covid-19 means exactly to car values. Sales across the industry are down, and auctions have halted. So price discovery
by rblatz 7y ago
So the used car market doesn’t know what Covid-19 means exactly to car values. Sales across the industry are down, and auctions have halted. So price discovery is harder than usual.
So it could be a good time because prices may fall further, or maybe not they may bounce higher. It’s likely not better than pre-covid, but so many things influence the used car market that it’s pretty up in the air right now. I say if you get a value that seems fair to you, then it’s a good time to sell.
Edit: also depending on your state it may make more sense to buy and trade the car in the same transaction. You can get some pretty hefty sales tax benefits from that.