When stocks are really risky and buying a house is a mine field, what should you do?  Buy a car!  You think I’m crazy? Let’s start with some of the evidence that there’s a slump in car sales, making it a great time to buy a car:

For more “normal” products like TVs, this might not be such a big deal.  If you’re selling TVs and your demand goes down, you stop making so many TVs and try to stop prices from falling through the floor.

In the used car industry, you can’t just “stop” the supply of used cars like you can with TVs.  Lease deals were made years ago and there’s no way to turn back time an undo this.  Leases that are ending right now have another problem – car dealers overestimated the residual value (end value) of leased cars so there should be a lot of people choosing not to buy back their leased cars.

I’m encouraged by the amazingly low wholesale car prices.  Put this in perspective, these are the lowest since 1994.  What were you doing in 199$?   The flip side is that car dealers may be willing to try every sales tactic they know in order to sell a car and maximize profit.

If you’ve read my previous blogs, you can guess that I’m going to tell you to be smart and use Carsala to buy your used car.  Check out my other post, if you need a refresher as to why Carsala actually loses money when you pay more for your car.

Have fun deciding what car you want to buy next and come here to share your car buying experience!