Used Car Sales Get an Unexpected Boost from Clunkers Program

Aug. 17, 2009 - PRLog -- Many consumers are going to car dealerships to capitalize on the cash for clunkers program and purchase a new car for $4500 less, but riding away in a perfectly good pre-owned vehicle.  This is due to the fact that a substantial number of vehicles do not qualify for the program.

Dealers are stocking up on late-model used cars because once they get a potential buyer on the lot they want to make sure that they have some that the customer will be attracted to.  However this high demand for decent used cars and low supply, because of the ones being crushed under the clunkers program, has driven up the price of used cars.

Decreasing the supply of used cars has also driven up the price of customer’s trade-ins. Therefore it is beneficial to buy now even if your car does not qualify as a clunker to get all you can out of your trade.

Preston Autoplex Used Car and Truck is one of many dealers who are reaping the benefits of the upswing in used car sales. At Preston they have one of the better selections of inventory in the Maryland and Delaware areas due to the fact they anticipated that prices on pre-owned vehicles would sky rocket because of the fact that “clunkers” are now worth $3500 or even $4500.

“The CARS program has greatly reduced the amount of trade-ins we are getting, so right now I have wholesalers paying ridiculous amounts of money for average cars.  Even if a car doesn’t qualify for the program customers are likely to an extra grand or two added to their trade,” says Dave Wilson Jr., Vice President of the Preston Automotive Group in Preston, Maryland.

All of these factors are leading to not only a strong performance from new car sales but also used sales during the government program.

About Preston Automotive Group:
Preston Automotive Group services the Delaware, Maryland, Virginia, and Pennsylvania area with Chevrolet, Ford, Lincoln, Mercury, Mazda, Suzuki, Hyundai and Nissan brands.  The auto group carries the largest selection of new and used cars in the Maryland, Delaware, and Virginia area.   Additionally, the dealership services all makes and models, both imported and domestic cars with ASE certified and factory trained technicians. Preston now does all Maryland State Inspections and also DOT inspections for both Delaware and Maryland.  
For more about Preston Automotive Group, visit http://www.prestonmotor.com/
For more information:

Brent Durham
Preston Automotive Group
Internet Marketing Manager
410.673.7171
BDurham@prestonmotor.com

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New and Used car and truck dealer serving Maryland Delaware and Virginia. We also specialized in service work for all vehicles. We carry Ford Lincoln Mercury Hyundai Nissan Mazda Suzuki and Chevrolet brands.