When shopping for a car, it is always best to keep in mind its resale value. Sooner or later, you’re going to sell that automobile. So how popular is the car you currently own?
Why Buy the Popular Cars
While every car is going to be a bit of a loss when you sell it, selling a used car isn’t exactly where any private car owner is going to get rich. You never get your money back and only in extremely rare circumstances will it sell for more than you paid.
So, what to look for when selling a vehicle is getting the most you can for it. One poor schmuck trying to sell a make of that car nobody wants is really going to take a big hit. Possibly enough of a hit that he must paid off his loan to sell it. But you don’t have to be that guy.
When you stick to the hottest makes of cars, you’ll always have potential buyers willing to pay it’s used car value. You won’t make money on your car, but you’ll get enough to generate a downpayment for your next car.
The Top Selling European Makes of Cars for 2023
The Dacia Sandero retained its position as the best-selling vehicle model in Europe in 2024, despite a decrease in registrations of 2.7%. The Peugeot 208 took second position. If you own one of these vehicles, selling it will be easy and you’ll get a fair price.
Volkswagen Group was the biggest producer of cars in 2023 in Europe, but things are not fairing so well currently with the company. Sales are currently down 70%. And those manufacturers selling fully electric cars are taking a big hit, as well.
What to Own in 2025
Wait until 2025 if you want to buy European and you’re living in California. See what kind of tariffs are going to be put on non-USA manufacturers. You might want to put off buying in 2025 and keep your current vehicle for the next 4 years.
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