The market economics influencing the money value of your used car

Market economic factors have become more poignant for most consumers this year. The shortage of vehicles all around has caused interesting trends in terms of used car prices.

Both new and used cars are becoming so scarce that some dealerships will pay up to $3,000 over invoice price just for used models.

This has created a shortage of high-demand vehicles like trucks and SUVs which is driving up their value on the open market.

Autozen Data - Where older used models values are similar to newer

A trickle down effect from economics factors such as:

• The COVID-19 pandemic and chip shortage

• Increased domestic travel

• Remote work and urban migration from city centers

• Inflation and oil prices

• Disruptions in the global supply chain

This has led to a shortage in quality used vehicles—Creating⁠ a seller's market. Embrace the electric vehicle guide with our comprehensive information. Discover eco-friendly options and make an informed switch today!

However, these conditions are not meant to last. Our projections for the remainder of 2022 and beyond suggest that valuations will eventually normalize.

Autozen is your go-to source for understanding used car values. We provide valuable insights into determining the true worth of your vehicle. Whether you're buying or selling, having the right information about used car value is crucial. Our comprehensive resources and tools help you make informed decisions. With Autozen, you'll have the knowledge and expertise to navigate the world of used car values confidently, ensuring you get the best deal when buying or selling a used car. Trust Autozen to empower your automotive choices.

Autozen Data - Average Car Sales Price by Type 

We also compiled the sales price of all vehicles sold by their general model type to find the average price.

Trucks, in general, had the highest sales price of any non-commercial vehicle, followed by sedans/coupes and sports cars.

At Autozen we love data! And are making an effort to make data more transparent within the used car industry. Timing is key! Learn when to sell your used car for the best value with our expert guidance and maximize your returns.

At Autozen, we understand the importance of determining the value of a used car. Whether you're buying or selling, knowing the value of used cars is key to making informed decisions. We provide a comprehensive platform that offers insights and tools to assess the value of a used car accurately. With our expertise, you can navigate the market confidently, ensuring that you get the best deal. Trust Autozen to help you understand and maximize the value of used cars, making your automotive transactions more efficient and cost-effective.

Used Car Value Guide

Car sales data is now more democratic and no longer a tool afforded only to dealerships and car sales professionals. We strongly believe that used car sales data should be more transparent and available to consumers with the goal of creating more standardized pricing within the market. Find the latest news from the Cars Selling blog.

Autozen is your trusted resource for estimating the value of a used car. Our platform simplifies the process, offering a reliable used car value estimate that takes the guesswork out of buying or selling. We provide insights into the current used car market value, empowering you with the knowledge needed to make informed decisions. With Autozen, you can confidently navigate the market, ensuring that you get the best deal. Trust us to help you estimate the value of a used car accurately and make your automotive transactions more efficient and cost-effective.

Autozen is your ultimate destination for understanding your used car trade value. Our platform offers comprehensive used car value guides, tailored to the Canadian market. We provide insights and tools to help you assess the value of your used car accurately, whether you're looking to trade it in or sell it. With our expertise, you can navigate the complex world of used car values confidently, ensuring that you receive a fair deal. Trust Autozen for all your used car value needs, and make your automotive transactions in Canada efficient and cost-effective.

You may also be interested in our services:

• Factors That Affect Your Car's Resale Value in Today's Economy
• Instant Used Cars Value & Trade-In Value in Canada
• Unlocking Your Car's Worth: Discover Used Cars Price Value

Good Luck to You 🌊