Home › Car Information › Nada Car Value: Great Ability And The Least Amount Of Supply Of Make Car Price Lasting Long › Nada Car Value: Great Ability And The Least Amount Of Supply Of Make Car Price Lasting Long
NADA car value expressed “concerns about the reliability and cost of unexpected repairs makes the vehicle for five years causing the car look like new again.” an auto analyst executive of NADA car Values said “However, rapid advances in reliance on the latest technology over the last decade has changed the attitudes of consumers towards the purchase of an older vehicle.” Here some interesting facts that could be gathered from many sources.
• In the first half of 2013 prices for cars aged from 5 to 11 years old still has a high price. With prices essentially unchanged from the historical average that has been observed in the previous year. NADA car value says that the price for cars models aged less than five years, the price is down 1.3% over the same period.
• NADA car value believes the increased supply merged with the demand for new cars which appears more powerful and having lucrative incentive will be used as the standard price of the car until next year. And keep it cheaper. Instead, it is expected that advances in reliability and affordability relative to the new models, as well as a wave of low supply from the recession will keep prices for the older models remain high during the same period.
• For 2013, NADA car value estimates that the price of cars aged 1 to 3 years will be 1.5% lower than the same old units in 2012. And the price for unit aged 4 to 6 years will be 1.5% higher. Slipping on average only 0.2%, the price of 7 to 10 years of the model is expected to be relatively unchanged.
• NADA car value believes that this year the old cars will long remain in a high price so that could be a distinct advantage for the owners. Those who have old cars are expected to keep their cars stay in good condition.