The used cars prices started to decline in past 5 months drastically. This was the crucial time for the re-seller since the re-selling automotive industry was being affected and the major reasons for the decline in demand as noted by experts are:
– The rapid production of new cars and availability of huge stock at showrooms.
-The new and attractive car leasing and purchasing packages offered by banks and other financial assistance organizations.
-The end of year discount packages offered by the automobile manufacturing companies for purchasing cars.
– The subsidiary on shipment of new cars at the end of year encourage buyers to spend a little more and manage to buy new car as compare to used car.
The Used Nissan March 2001 Sellers are Optimistic:
Regardless of the decrease in demand and prices of used cars the pre-owned industry is still optimistic and it can be seen that after 5 consecutive months of decline the used vehicle value index was observed to increase to 123.8 from 122.8 in October. The demand of used Nissan march 2001 (http://www.sbtjapan.com/ks-nissan-march-2001) was also dropped with incredibly high percentage, but due to the reputation of the company it was somehow managed to sell at least a reasonable number of Nissan March 2001 during the year 2011.
The fluctuation in the prices and demand is the part of automotive industry and there are several other factors too that are responsible for such imbalance, they can be inflation, increase in oil prices, economic instability, exogenous shocks globally, downsizing, decrease in purchasing power and decrease in GDP and GNP of most of the countries around the world.