![]() Otherwise, you run the risk of selling it for too little or asking too much. That’s where Edmunds values can be helpful. With either option, you’ll need to know how to set your price accurately. ![]() Check back again and search for Torque News Ford F-150 news for more F-150 truck news coverage.You need to know the value of your car before you start to think about trading it in or selling it privately. Most of Marc's stories can be found at Torque News Ford coverage. You can follow me on Twitter or Facebook. I write how-to and help columns for online sites such as and others. Today, I am the Ford F150 reporter for Torque News. My work has appeared in Popular Mechanics, Mechanix Illustrated, AutoWeek, SuperStock, Trailer Life, Old Cars Weekly, Special Interest Autos, and others. There isn't much on four wheels that I haven't driven or reviewed. When I took over as my newspaper's auto editor, I began a 32-year career as an automotive columnist. It was a position that filled two boyhood dreams: One was that I would write, and two that I write about cars. Marc Stern has been an auto writer since 1971. Edmunds helps millions of shoppers select, price, and buy vehicles with confidence.įor more automotive research and insights, visit the Edmunds Industry Center here. The guides present in-depth reviews of every new vehicle, shopping tips from an in-house team of experts, plus a wealth of consumer and automotive market insights. ![]() A large luxury SUV carried a price of $50,887 or an increase of $667, while a luxury midsized SUV came in at $34,513 or an increase of $641,Įdmunds guides car shoppers from research to purchase. In the luxury category, a luxury subcompact SUV carried a price of $23,871, an increase of $931, while a luxury compact SUV carried a price of $27,838 or an $801 increase. Finally, a compact SUV carried a price of $18,949, for an increase of $512. Meantime, a midsized SUV came in at $24,766, an increase of $803. A heavy-duty truck (the Ford F-Series F-250/F-350) carried a price of $43,044, an increase of $491.Ī large SUV carried a price of $37,942. In the midsized truck category – Ford Ranger – you will find them priced at $29,457, an increase of $1,812. ![]() “If you’re in the market for a used car, what you see in terms of pricing is likely what you are going to get, so do your research and be prepared to act quickly if you have your heart set on a vehicle.”Īccording to Edmunds data, you will find that a large truck such as a Ford F-150 priced at $33,264. “Although used-vehicles continue to offer significant discounts compared to new, used-car shoppers will find themselves in the unusual position where they might not have as much negotiation power because demand is so high and dealers will be less inclined to be flexible.” “It’s a seller’s market right now,” Drury said. It found that price increases spanned nearly all vehicle categories, with some of the most significant price increases in large and midsized trucks, sports cars, and luxury midsized cars. “Shoppers might be a bit surprised to find that prices are ratcheting up on used-vehicles because of significantly increased demand,” Drury emphasized.Įdmunds analysts looked at the average listing prices of 2017 models, comparing July to June. This information comes from Ivan Drury, Edmunds’ senior manager of insights. Inventory has been severely limited on the new side.Interest rates and CPO (certified pre-owned cars) offers have been extremely favorable.Consumers are being more fiscally responsible.“We’re seeing evidence of more typical new-car shoppers gravitating toward the used car market than usual during the pandemic due to a combination of factors:” Typically, prices decrease during the summer due to depreciation. It represents a $708 increase in pricing, compared to June, which represents an “unprecedented historical shirt in the used car market,” Edmunds says. Thanks to the coronavirus, there has been an unseasonally sharp uptick in used-vehicle prices.Įdmunds data reveals that the average listing price for all vehicles hit $21,558 last month. The used-vehicle market is changing rapidly. With that said, there’s something interesting happening in the used-vehicle market. Its information provides not only buyers with essential information about the value of their vehicles, but also critical data to media outlets such as Torque News as we attempt to present the best information for our readers. Edmunds is one of the leaders in the used-vehicle pricing market.
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