Beggs on the Used Car Market - February 8, 2010

The market continues to reflect the undersupply of vehicles available for wholesale purchase. With the spring buying season just around the corner, and tax refunds checks in the mail, we may see retail demand continue to outstrip supply, further strengthening the auction market.

The media airwaves were bombarded this week with news of the Toyota recalls. This generated an interesting trend, with the daily volume of potential Toyota trade-ins jumping to as high as 4.5 times "normal".

Is this a consumer overreaction? Watch this video for Black Book's insight into the progressing situation.

Category:

Autos & Vehicles

Tags:

• car values
• trade-in value
• auto auctions
• cars
• used cars