When Does The “New Model Year” Effect The Prices of Used Cars ?
September 5th, 2010 | by admin |The automotive model year officially changes like on 10-1 or thereabouts, if I recall correctly.
However, prior to that, info about the new models is available.
At some time during the year, the price of all cars (with certain exceptions) drops a notch - demand for the ‘expiring’ year drops off as people will wait a little while for the new one. That trickles down and at that point, every prior model year drops down a notch.
That effect is wayyy big if there is a significant change in the new model.
So, the question is:
When does this dropping-a-notch in price happen - practically speaking ?
BTW - I am not going to buy a new car - so i don’t need any info on the strategies involved w them.
For cars/trucks that are a few years old, when will their resale value take some amount of a hit due to the impending release of the new model ?
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No Responses to “When Does The “New Model Year” Effect The Prices of Used Cars ?”
By mrs d on Sep 8, 2010 | Reply
Not really sure but i think this web site might can help. Hope it helps.
By pixiechick on Sep 9, 2010 | Reply
The buyer isnt partial to clear out for new inventory.
By blackbutton100 on Sep 10, 2010 | Reply
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