New cars sold in U.S. in May and June will retain about 47,8% of their sticker prices, which is down from the current 52% value for three-year-old vehicles. Customers will have a strong credit availability, five years of high residual value retention rates are predicted thanks to increased demand for new vehicles, and of course the low prices for gas.
It's been revealed that for six straight years, U.S. light-vehicles sales have been growing, the record of 17,5 million vehicles sold a year ago is included too. Another 3,3% of sales grew were registered for first four months of this year, it's about 5,6 million vehicles. The increased supply of used automobiles in future years will depress the prices for new ones. No matter how hard auto industry is trying to maintain a strong pace of sales on new cars and trucks, they begun to weaken because of increased level of supply in the used market. Depreciation of cars was above average in 2015, that is why people expect trucks to follow the trend in 2016.
Prices might drop 4,2% on new cars for next three months, will it become true or not, we'll see soon, but it is definitely good news for potential buyers.
