Brand new cars have always been high priority when any person wants to buy vehicle. However in recent time used car sells have gone up. Many analysts in U.S. have predicted that the sale of old cars can go further up in to the recent future. In a report from American Bureau of Statistic used cars for sell.

have risen 10% into last month however new car to be sold have gone down radically compare to the last thirty year new car sells in U.S.It actually happen due to the financial debacle that is going on surrounding the world and after affect such result is liquidity crisis of different lengthy and financial institution in developing countries. As a result of such phenomenon people citizen from different countries cannot afford to take from different banking and non-banking financial institution. As new car price is comparatively higher people are more prone to take loan from banking and non -banking financial institution. That’s why this has become very realistic problem for both the customer and manufacturer. In a study of Penske Automotive group it is evidently found that new car sells all though gone down yet overall sells of used car have taken them in to moderate profit margin.

The other criteria that attract customer to purchase old car is service and reliability of the car in performance. It is often found old cars have given people better support than the existing new model car for being it to be debuted model car and loyal uses by the first owner. However once age of a used car is within one year is sold out and before selling that had no serious service oriented problem on that regard it eventually sustain for long ear.

In a data from CNW, it is found that price of different used vehicle have gone up for higher pre purchase pricing offer has significantly increase. There are other factors that are make people tend to buy used car for sell.

However used vehicle have got preference to be bought by the new customer in US because of the ongoing experience of better outlook. Moreover if used car remain fluent efficient for around 12 months it is considered to be user friendly in terms of uses in cheaper expenditure. However now a day’s different lending institution offer loan for the used car at corporately higher interest rate yet people can afford to buy this vehicle at the discount rate of 30%to 40 %.That is why demand for used car is increasing recent time.