Sound Investment Into Used Cars Vans

Those who are browsing the markets for used cars and vans may find it to become increasingly similar to finding employment, its a strange correlation. Automotive dealerships have reported issues finding and reselling standard quality used cars and vans to consumers just looking for a cheap ride, and companies that deal in car rental or van rental.

Even if you were to talk around the dealers it would appear choices are endless, but looks can be deceiving.

“We need those vehicles,” said Cary Donovan, vice president and director of used vehicle operations at Sam Swope Auto Group. You’ve got to sell new cars in order to generate that pre-owned car,” Donovan said. “We weren’t seeing that pre-owned vehicle at the rate that we wanted to. The quality trades are the cars that the consumers are trading to us,” Donovan said. “Your car is probably worth more today than it was two years ago.”

Donovan went on to say that in addition to rental car or van rental companies having to cut back their fleets and corporations, the Big Three automakers have cut back on the number of company cars they’re giving to executives. Both used to be sources of low-mileage used cars sold at dealerships. A used car dealer in Ohio told our sister station there is another reason as well.

Donovan told us he is keeping almost all of the cars that are traded in where as he used to ship about half of them off to auction. He says with a tough economy, there are buyers for even the least-expensive used cars, cars that may not have sold before because of their age now have people who want to buy them.