what affects a car's resale value
Post on 24-May-2015
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What Affects A Car’s Resale
ValueOpen Book Autos
Climate
• Used cars with 4-Wheel Drive are easier to sell in places like Utah that see harsh winters and excessive snow.
Color• More common colors such as black, white and
silver tend to sell faster. While fun colors may be fun for certain cars, most people prefer standard colors.
Options and Upgrades
• People in Utah like things such as sunroofs, heated and leather seats and improved sound systems in used cars, which can mean higher resale values.
Area• Resale value can decrease for cars being sold in
areas that aren’t fitting for their geographical area. For example, smaller cars sell better in areas that are more heavily populated.
Upkeep
• Maintenance and upkeep are things that can’t be ignored with cars, but if a car requires more than usual, it can be a big turn off.
Technology
Technology such as navigation systems and MP3 compatibility are highly sought after in used cars.
Interior Condition• Used cars shoppers appreciate a clean interior.
Torn seats or nasty stains can greatly decrease resale value, while clean interiors can increase resale.
Exterior Condition
• Utah drivers look for cars that haven’t been eroded from salt and harsh weather conditions. As well as cars that haven’t covered in door dings, dents and scratches.
Mileage
Used cars with low mileage are favored more because it’s likely they will last longer than those with
ridiculously high mileage.
Transmission
• While some people may enjoy a manual transmission, most used cars shoppers prefer an automatic transmission these days.
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