Cars don’t loose fifty percent of their value after being driven off a lot. The used car market use to do numbers off unknowing consumers leading to the development of the now cliché loose fifty percent of value phrase.
Today’s care market is a lot different. Scarcity of high tech resources that allow auto manufacturers to meet consumer demand has placed the automobile market in slow motion and this goes for the pricing as well.
Consumers are more educated than ever and with heavy competition in the industry auto makers have been already been passing the best prices to consumers for at least the last five years.
The phrase cars loose fifty percent of their value is now a useless cliché. Woe be the fool that mentally depreciates their car by fifty percent simply because it changed hands and has been driven from a lot then to the road way.
