Today’s Used Car Market Is Exploding

Everyone knows that the automotive market has gone through major upheaval in the past couple of years, from the recession, to massive recalls from major automakers, not to mention bankruptcies and government bailouts; one would think that the car industry has all but bottomed out financially.

But according to one expert in the field, Dennis Desrosiers, Canadian expert automotive analyst; “The demise of the automotive industry is largely exaggerated.”

Desrosiers stated that although the industry is not as battered as one may think, what has changed is that consumers are buying more used cars and that the general consensus on used cars has shifted from past thinking that a used car meant inheriting someone else’s mechanical issues, now the impression of a pre-owned vehicle has shifted 360 degrees. “The traditional knock against used cars was that it was seen as buying someone else’s problems.”

According to DesRosiers, since the 70’s cars have been drastically revamped after the automaker spent billions of dollars on building cars and trucks that are much more reliable and dependable, with life expectancies that are twice what they were back then. “The average vehicle built today will still be on the road 20 years from now with 400,000-plus kilometers,” he said- that’s equal to approximately 248,000 miles.

Used car sales are projected to continue to soar, while factory and parts jobs will be diminishing as new car prices go up and the demand goes down.

DesRosiers states; “The consumer is more powerful than any auto company executive,” DesRosiers said. “Never, ever take your eyes off the consumer. If you do, you’re bankrupt.”

To see a great line-up of used vehicles, visit Cross Keys Auto Used Car and Used Truck Sales in Hazelwood today.