Just curious if the Stock Market or economy makes used car values decline faster than during a booming economy. I have a straight 6, BMW sports car, blue book had it at $16K, now is $13K?|||How much time has passed since you checked? The other factor is that when gas prices went sky high economy cars be came more popular, and vehicles such as sports cars, trucks and SUVs became harder to sell. Less demand and the value of them goes down.|||absolutley ... everything is falling in price do to the lack of demand taht has resulted from the stunted economy... when the economy is bad, people hold on to their money and spend less. This leads to a decrease in prices to incourage people to buy or when the economy is really bad (like it is now) the prices must decrease just so that people can buy things they need ...
my car, home, and savings have all went down in value|||Everything is on hold right now because of the credit crunch. GM announced last week you now need a 700 point credit score and a 20% down payment to finance with them. which is very strict. Everything has dropped in value|||Usually car values drop in September of every year because most of the new vehicles are being released. Although V8 vehicles such as sports cars and SUV's pricing are dropping drastically. |||Probably just the gas guzzlers. 4 bangers are selling. |||it depends on MPG on type of car Mileage ECT
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