HOW DEALER INVENTORY NEEDS CAN DRIVE USED CAR PRICES

Jan 3rd, 2014 | By | Category: Trade-In, Used Cars

Like everything else at the dealership, the price of a used car is endlessly negotiable. As an example, did you know that the phrase “Blue Book value” can mean dealer retail price, trade-in value or value in a private party transaction? Dealers, especially larger ones will have their own proprietary valuation ratings that factor in their own shifting inventory needs.

Any car dealer’s inventory is constantly in flux. This can work against you if you are committed to a specific vehicle, but work for you if you are flexible about what you want.

Given this, the Blue Book or any other pricing guide is only an estimate of the actual value of your trade-in. The value of anything is determined by what two parties agree upon.

For more guidance on how best to establish your trade-in value and get the most for your vehicle please see our resources page.

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