The latest automobile news indicates that the days of the sedan are numbered. In fact, the latest research indicates that trucks remain the number one selling car model and that crossovers and SUVs are a close second. This means, of course, that fewer people are buying sedans. As a result, there are a number of automobile manufacturing plants that are closing some of their sites where sedans are being built.
From new cars to used cars, there are a number of models that continue to be in high demand. For instance, the top three selling Chevy cars, as of December 2017, were the Chevrolet Silverado, which sold 67,676 units; the Chevrolet Equinox, which sold 32,784 units; and the Chevrolet Malibu, which sold 16,628 units. Some models have such a following, in fact, that there is always a big following, even for used models with lots of miles.
How Many Vehicles Does Your Family Own?
We live in a time where many families have a car for every driver. And while there are many vehicles that are quite expensive, there are also many affordable used cars that provide a manageable way to make sure that everyone gets to the places they need to go. Research indicates that the average vehicle will have three owners in its lifetime, so it is important to make sure that you are especially careful if you are buying an older used car.
One of the reasons that the car industry helps the nation’s economy is that between private-party and dealership sales, nearly 40 million used cars exchange hands every year. If you want to make sure that your contribution to the nation’s auto sales economy is a wise one it is important to make sure that you consider these things when you make a purchase:
Mileage. A low milage car typically will have fewer mechanical problems and require less service. In fact, properly maintained, a low milage or new car is a great investment that will serve your family’s transportation needs.
Fuel Economy. As Americans continue to pay fluctuating fuel prices, it should come as no surprise that there is an increasing amount of attention paid to the number of miles that a car get to the gallon. In fact, there are a growing number of people who are looking a flex fuel cars that rely on electricity a good portion of the time.
Price. Even though there are plenty of no interest short term loans available, it is important to do your research and understand the price that makes sense. Number one, you need to make sure that you can afford the monthly payments. Number two, it is important that you do not pay so much that you owe more than the car is worth in two years.
