Business Services Industry
Car Resale Values to Move Higher Gradually.
Kiplinger Business Forecasts, April, 2004 by Ostroff, Jim
Byline:Jim Ostroff
Big rebates and other incentives have kept sales of new U.S. cars humming in the past few years, but they've also made a big problem-low resale values-worse for Detroit. A bevy of new, higher-quality models due out soon will help boost resale potential, but a genuine recovery of the used-car market for American makes will still take several years. In the meantime, the Big Three-DaimlerChrysler, Ford Motor Co. and General Motors Corp. (GM)-will be able to gradually ease up on incentives after 2005.
The difference in resale values between domestics and foreign-made cars is striking. The Buick Regal, for example, fetches only about one-third of its original sticker price after three years-about the time when many consumers trade in for...
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