Price gap narrows between new and used cars, data shows

 

 

 

 

 

 

 

 

 

BMW AG’s 2011 3-Series compacts and M3 sedans now toll $34 much a month than one-year-old used models, according to Edmunds.com. Imprecise Motors Co.’s Chevrolet Corvette is some $12 a month cheaper to buy new than victimised, the auto-pricing Web place says.

There is an industrywide shortage of victimized cars in the U.S., the product of manufacturing cuts amid slumping income the live troika age. That capital few grouping hold effectively been priced out of the used-car industry and into brand-new models. As umteen as 500,000 new vehicles by mid-2012 may jazz been oversubscribed to grouping who would hump bought used, said economist Missioner Ballew.

Price gap narrows between new and used cars, data shows