New-car prices are going up, profit margins are coming down, and it might make the most sense to consider buying a used car in 2025.
If you’ve been holding onto your used car, now might be the perfect time to sell. With new auto tariffs on the horizon under former President Trump’s proposed policies, the used car market is set for a shift.
The increased costs of new vehicles due to tariffs could initially push more buyers toward used cars, keeping prices stable.
However, as supply catches up and economic factors adjust, we may see a decline in used car values. Selling now could mean getting top dollar before prices potentially drop.
Why Auto Tariffs Matter for Used Car Prices
The proposed tariffs on imported auto parts and vehicles are expected to increase the cost of new cars significantly.
This could lead to a short-term surge in demand for used cars, but as supply increases—especially from trade-ins and leased vehicle returns—prices may begin to fall.
Additionally, if higher interest rates or economic shifts slow consumer spending, used car prices could decline even faster.
How to Prepare for a Used Car Sale
If you’re considering selling your used car, now is the time to act. Here’s what you can do:
- Check Your Car’s Current Market Value: Use online tools to see how much your vehicle is worth.
- Make Necessary Repairs: A well-maintained car will sell faster and at a higher price.
- Gather Paperwork: Having your title and registration ready will make the transaction smoother.
- Act Quickly: Market conditions may shift, so selling before prices drop could be beneficial.
Need Help with Title Transfers? CNS Licensing Center Has You Covered
Selling your car means handling title transfers, registration, and other paperwork—tasks that often lead people to the DMV. But before you brace yourself for long lines and wait times, think again!
CNS Licensing Center offers a variety of services related to vehicle registration, renewals, license plates, and more. We make the process quick and hassle-free so you can sell your car with confidence.
Don’t wait until the market shifts—if you’re thinking about selling your used car, now is the time to act. And when it comes to handling the paperwork, let CNS Licensing Center take care of the details for you!
For any questions about driver licensing, registration renewals, or other PennDOT services, contact CNS Licensing at (717) 627-4334 or info@cnslicensing.com.
