Storm damage depletes supply, sends used car prices soaring

vlcsnap-2145644

[lin_video src=http://eplayer.clipsyndicate.com/embed/player.js?aspect_ratio=3×2&auto_next=1&auto_start=0&div_id=videoplayer-1375328306&height=400&page_count=5&pf_id=9623&show_title=1&va_id=4184767&width=640&windows=2 service=syndicaster width=640 height=400 div_id=videoplayer-1375328306 type=script]

WICHITA, Kansas — Tornadoes and hail this summer have increased demand for used vehicles, and at the same time, also lowered the supply.

Local dealers say the result is a higher price tag that consumers may not be used to seeing.
if you’re in the market for a used car, the price tag may surprise you.

“We’re definitely having to travel a lot further to get vehicles,” Usef Hassouneh, sales manager at Approved Autos said. “We normally go to Dallas, Kansas City–we’ve been having to go as far as Atlanta, Las Vegas, Phoenix to get vehicles that bring in a lot more money.  And the books aren’t reflecting that.”

Hassouneh  says there aren’t a lot of options to buy used vehicles in Kansas unless they’re taken as trade-ins, which means when you go and buy a used vehicle you’ll be paying more than normal.

blog comments powered by Disqus