Chicago Luxury Leader, your nearest Chicago used car dealer in Elmhurst, Illinois, has noticed a high demand for used cars in the market. There is an acute shortage of used cars, especially the low-mileage cars in the US and the people are looking for good used cars. The Manheim Used Vehicle Value Index, calculated through the largest auto-auction company’s more than 5 million annual US sales, reached a record 126.6 this April and rose to 127.8 in May. It stood at 125.9 in July. The luxury segment’s index reached a record 109.74 in June
It may be mentioned here that prices of used cars are going up since 2008. Market analysts have said that the record high prices for used luxury cars are driving buyers to new-car lots. Some have seen this as a substitution effect. But they have not lost their sheen.
Meanwhile, people are bringing in their used cars to dealerships for trade-in because they get a great value. Consequently, used car prices are expected to show an upward trend for at least two years and the search of price-conscious buyers is increasing day by day. But those looking for some quality used cars need not lose heart. Chicago Luxury Leader has a host of used cars which are reasonably priced. Check out their quality used cars and avail great offers. Chicago Luxury Leader helps you to get auto finance too and offers great value for trade-ins. If you are living anywhere near Chicago or Elmhurst, just drop in at Chicago Luxury leader and take advantage of their used car specials. Labels: chicago luxury leader, luxury cars chicago, used cars chicago