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Used Car Market Cooling?

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Old 10-25-12, 08:07 AM
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caddyowner
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Default Used Car Market Cooling?

Two months ago, I traded my '13 GS and '01 LX in for a new Ridgeline. I see that the dealer still has both listed for sale. They've dropped the price on the GS to $52K. The LX dropped to about $13K, then got transferred to a sister dealership and the price bumped back up to $14.5K - but still no takers. I'm thinking the used car market is cooling off a bit. Yes?

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Old 10-25-12, 08:12 AM
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Joeb427
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Originally Posted by caddyowner
Two months ago, I traded my '13 GS and '01 LX in for a new Ridgeline. I see that the dealer still has both listed for sale. They've dropped the price on the GS to $52K. The LX dropped to about $13K, then got transferred to a sister dealership and the price bumped back up to $14.5K - but still no takers. I'm thinking the used car market is cooling off a bit. Yes?

My dealer still has this GS at a good price for over a month and there's room for haggling.


http://www.tricountylexus.com/Vehicl...-NJ/1820925073
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Old 10-25-12, 08:16 AM
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Maybe...there are really good finance rates and lease opportunites that make considering a used car to be troubling over purchasing new. Just recently I was sent flyers on a G37 coupe...314/month lease, 1000 down for 24months. I know infiniti leases are usually low...but this is a shocker seeing how low. Year end, plus new model coming soon...win-win for the customer
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