The Used Car Opportunity

Published on: Jan 24 2017

Last spring in Retirement Watch I pointed out that used cars were becoming a better deal than new cars, and that used cars were about to become more attractive. There are a lot of car leases expiring, and those cars are coming on to the used car market. There’s a flood of used cars that’s reducing their prices. As this article points out, more people are noticing the trend, and it’s hurting new car sales. If you’re looking to buy a car, take a look at the used cars, especially luxury cars, from expired leases.

The NADA Used Car Guide’s price index dropped about 4 percent last year from 2015’s average, the first significant decrease since the recession. The boom in cars and trucks coming back off leases will continue into 2017, rising about 9 percent, J.D. Power estimates.

The impact of falling used prices has also hit Hertz Global Holdings Inc. The rental-car company replaced its chief executive officer last month, weeks after cutting its annual earnings forecast due to the falling value of its cars.



November 2020:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.

Log In

Forgot Password