All Press Releases for June 22, 2023

Soaring Car Values Begin to Dip: It's Time to Sell Now

DealerBids, a trusted online platform connecting private car sellers with established dealerships, alerts private car sellers to an impending shift in the used car market.



    AUSTIN, TX, June 22, 2023 /24-7PressRelease/ -- For a considerable period, used car values have been experiencing a historic surge. However, market trends indicate a sharp reversal of this trend is imminent, due largely to an influx of new vehicles being delivered to franchise stores.

"We've observed a distinct change in market dynamics," shares John McIntyre, CEO at DealerBids. "An increase in new car deliveries and a decrease in used car lending have initiated a shift, causing used car values to decline."

In light of these market conditions, DealerBids encourages sellers to act promptly. Selling your car now could potentially save you from significant losses in the future as the value of used cars continues to decrease.

"The clock is ticking," John McIntyre" emphasizes. "We advise private sellers to consider selling their vehicles now to maximize their return. If the decline continues, sellers might find themselves stuck with a car that's rapidly decreasing in value."

About DealerBids

DealerBids is an online platform dedicated to simplifying the car-selling process. By connecting private car sellers with reputable dealer groups nationwide, DealerBids offers an efficient, secure, and lucrative avenue for selling used vehicles.

For more information, visit https://www.dealerbids.ai or contact [email protected]

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Contact Information

Duncan MacDonald
DealerBids
Austin, Texas
United States
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