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Factors That Make Used Car Prices Drop

Factors That Make Used Car Prices Drop

Posted on 11/10/202111/10/2021 by admin

Factors That Make Used Car Prices Drop – Some of us definitely want to have a car that can be used every day. But not everyone can buy and own a car at a cheap or affordable price. You don’t need to worry, you can buy a used car that has a lower price. But also identify some things that make the selling price go down. But before actually selling it, first make sure the car has high quality. If not, the price estimated by the used car dealer will drop.

Here are some things that make the selling value of the car plummet.

1. Colors Other Than White and Black
Obviously Fischer, used car colors are still a favorite is white and black. That’s why they dare to estimate it at a competitive price.
However, because of this, there are consumers who first change the color of their car before selling it. Of course as an effort to make the selling value of the car high. For example, changing the color of the car from red to white.

That price was destroyed, that’s for sure, it was found out from BPKB that there was a note or the original color on the invoice showed.

2.Km Height
Second, mileage. The higher the mileage of the car, the more the price can drop drastically, and vice versa. If the odometer number is still fairly normal, the price is still competitive.
“Km is the most dominant, which is normal for medium to low cars of 15 thousand a year, middle to upper 10 thousand km. Above that there is a reduction,” explained Fischer.

Also Read : Best Choice of Used Taxi Cars

3. Vehicle Tax is Late
No less important is related to the maturity of vehicle taxes. When the time to sell it is getting closer to the maturity date, then the estimated price can be low.

Low in terms of below market price. This is to cover the cost of paying taxes when the car has been sitting for a long time at the dealership.

Not to mention the consideration that people who want to buy it must be prepared to spend more to pay taxes.

4. Collision Marks
Used car crashes are also one of the variables in the value of falling cars. Moreover, the impact of the impact to change the structure of the frame.
Fischer said the depreciation of the price ranged from 30 to 40 percent of the market price.
“It’s definitely going down, but for us, if you just hit the bumper, it’s not a collision, it’s still acceptable,” continued Fischer.

5. Former Flood
Similar to former collisions, cars that have a history of being affected by floods will also be cheaply priced by used car dealers, even though they have been previously restored or repaired.

“The flood also caused the price of used cars to fall, depending on the level, the range is 10 to 15 percent decline,” Fischer concluded.…

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Most Popular Used Car

Most Popular Used Car

Posted on 26/03/2021 by admin

Most Popular Used Car – Buying a used car is now commonplace, the reason is that if you take into account buying a new and used car, the price ratio is very different.

Family-friendly MPV cars are still the main market interest. According to Carsome Insights, the Toyota Innova and Toyota Avanza still dominate the Top 5 most popular used car brands in. This Top 5 position is occupied by used cars of the Toyota Innova, Toyota Avanza, Daihatsu Xenia, Honda CR-V and Honda Jazz.

This is quite interesting because in 2019 the Toyota Avanza is in the top rank, ahead of the Toyota Innova. Meanwhile, Honda Mobilio and Daihatsu Agya have now shifted from fourth and fifth positions, replaced by the Honda CR-V and Honda Jazz.

1. People who want to sell their car in the post-PSBB era have increased by 52 percent

According to Carsome’s data, the difference in the age of the best-selling cars during 2019 and 2020 is quite significant. In 2019, the dominant used cars sold through Carsome are cars aged 2 to 5 years. Whereas in 2020, cars aged 6 to 8 years and over are sold to Carsome. This tilted difference in the age of used cars sold can be caused by the COVID-19 pandemic in early 2020, which demands the public to maintain a stable cash flow.

2. MPV-type vehicles keep pace with sales of Compact SUVs

Entering 2021, the estimated trends in the used car automotive industry are still a topic of discussion. The presence of the COVID-19 pandemic is one of the big factors determining whether the trend of the last season can last in 2021.

With lifestyle changes, people tend to switch to private vehicles and not use public transportation to avoid contracting the corona virus.

MPV-type vehicles such as the Toyota Avanza, Daihatsu Xenia or Nissan Livina began to offset sales from Compact SUVs such as the Mazda CX3, Mazda CX5, Honda HR-V and Toyota Innova.

3. Tax incentives are attractive offers for buying a new car

On the other hand, the government has also implemented a 0 percent PPnBM tax incentive as of March for 4×2 passenger cars with engine capacities below 1,500 cc, including sedans, whose local content reaches 70 percent.

This could have an impact on the development of used car trends in 2021, considering that only a few cars will be covered by this policy. Carsome assessed that the trend that will occur in 2021 will see several changes.

4. The compact MPV is predicted to be the most sought after this year

In addition, the used car industry will increasingly receive a healthy supply and consumers will have more choices. Owners of new cars, i.e. cars from 2018-2020, who are looking for new, cheaper upgrades will also sell their current cars. Then there will be an increase in the number of “younger” cars in the supply pool.…

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