Time to Sell Your Car or Truck [Opinion]

If you have a used car or truck to sell, jump at the chance [Opinion]

If you want to sell a used car or truck now is the time. A local dealership recently offered to buy back a 2-year-old Chevrolet truck with just 20,000 miles on it for $ 80,000. That is $ 10,000 over what the owner paid for the truck two years ago!

A Cadillac dealer has his sales force calling customers to see if they would like to sell the car that they purchased from his family-owned dealership. He says this is the source of many of the used cars on his lot and that the buybacks do work out well. Multiple dealers of new and used cars tell us “You’ll never get a better offer than today’s buybacks.”

Automobile auctions across the country are reporting record wholesale purchase prices at their dealer-only wholesale auctions. Those higher prices are also driven by a lot less cars or trucks going to the auctions. That’s a result of dealers keeping the car or truck you traded in.

While it is a great time to sell that…