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Old Aug 4, 2011 | 09:25 AM
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Franc Rauscher
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Joined: Mar 2008
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From: St Louis MO
Default Re: Depreciation Floor?

Originally Posted by Hawk Monster
Prices have been going up on all used cars not just the Xfire.There is a shortage of all 2004/05 quality used cars. People are holding onto them and sales of new cars was slow in those years. Average age of cars that people are keeping has gone up significantly. The law of supply and demand holds and prices on all used cars with low mileage has gone up. Dealers are calling old buyers to see if they want to trade in their cars.

Historically depreciation will have reached the floor when the price is about $500 to 600 in today's dollars.
Perhaps we can also thank CASH FOR KLUNKERS.

Did I really say that?
 
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