Historically Low Prices on Used Cars at Markquart Toyota

May 7, 2020

Used Car Dealer Row

Used vehicle prices at Markquart are at a historical low. The market has changed significantly over the last few months, and used vehicle prices have dropped. If you are in the market for a used vehicle, you owe it to yourself to find outstanding pricing at Markquart Toyota.

What factors are making used car prices so low?

According to the Manheim Used Vehicle Value Index, wholesale used car prices are down over 11% from March to April, 2020. This means that dealerships are acquiring vehicles at lower costs, allowing them to sell at a significant discount.
With the decline in travel, rental car companies are selling gently-used vehicles back to dealerships, causing the availability of more high-quality vehicles.
Attractive finance and lease deals on new cars are pushing consumers to buy new, leaving dealerships with excessive used car inventory.

Each of these factors alone would drop car prices, but all combined makes used car purchasing a buyer’s market. We expect prices to increase once the Wisconsin Safer at Home Order is up, so you have until the end of May to make an informed decision.

At, Markquart Toyota, we are taking precautionary measures to protect our employees and visitors. Our sales team is happy to help you shop from the comfort of your home. We can send you photos, videos, and even help you find financing online. Visit www.markquarttoyota.com to get started today.

Other helpful sources:

https://cars.usnews.com/cars-trucks/coronavirus-and-cars

https://www.autotrader.com/car-shopping/buying-car-during-coronavirus-pandemic-everything-you-need-know-281474980000535

https://www.businessinsider.com/used-car-prices-set-to-drop-coronavirus-pandemic-jpmorgan-2020-4

https://www.caranddriver.com/news/a32268017/used-car-buyers-big-savings-coming/

https://www.consumerreports.org/buying-a-car/now-may-be-the-right-time-to-buy-a-used-car/

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