Increasing Value of Used Toyota Cars

If you’ve recently made a trip to your local Toyota dealer, or other manufacturer dealership you may have noticed the inventory of used vehicle models is thin. There is a high demand for used vehicles at this time. This is an excellent time for current owners to trade in their cars for upgraded versions. Dealers are willing to pay top dollar for many used car models. The value of used cars is higher than ever before.

According to the U.S. Bureau of Transportation Statistics, during the year 2009 there were 10.6 million new vehicles sold or leased within the United States. At the same time, there were 35.5 million used vehicles swapped between buyers. The new car sales number showed a decreased from the previous 13.5 million units sold in 2008. However, since that time in 2009 the automotive industry has continued to show respectable recovery. However, the automotive industry is a far cry from what would be considered fully recovered.There is an increased demand for smaller more efficient vehicle models, but the price must be affordable. Many of the used Toyota cars such as the 2011 Toyota Camry still hold much of their value, are highly efficient, and come with an affordable price tag. You can shop the used car inventory at your local Weiss Toyota dealer in St Louis MO.

“Strong consumer demand for small used cars is driving prices up,” Jonathan Banks, a senior analyst with the National Automobile Dealers Association Used Car Guide, said in a news release. “The NADA Guide increase in trade-in values for June should come as no surprise because it reflects a shortage of both new and used cars entering the market.”