Want to Sell a Used Car in 2022? Consider this

Want to Sell a Used Car in 2022? Consider this

Posted on April 22, 2022

Anyone who wants to sell a used car in 2022 should seize this unprecedented opportunity and move forward with selling their used car as soon as possible.

The used car market is under incredible strain, which creates a seller's market, but there is no guarantee that this demand will continue.

What is fueling demand for used cars

There are a few forces at play that is fuelling the demand for used cars.

The first is the growing middle class in Africa and other developing nations. As the middle class has more disposable income, they want to own a car.

They cannot afford a brand-new car but can afford to purchase a used car and ship it over to Africa via container ship.

This is why websites like Copart have seen a dramatic spike in the number of people who are buying and selling used cars.

The used cars meant for the Canadian market are being bought up and shipped abroad; this does not mean you should try to list your used car on Copart or sell it to overseas buyers.

We just wanted to help you understand what is driving up the demand for used cars.

Determining the fair market value for your used car

You need to calculate the fair market value for your used car before you can put it up online for sale.

This is probably your first time selling a used car, so it can seem like a daunting task to know what your used car is worth.

Check out websites like AutoTrader and identify 10-20 vehicles that are comparable to yours in condition, mileage, and geographic location.

Using these vehicles, you will be able to determine the average price of your used car, and that is your starting point.

How to make your used car stand out from the competition

After you have worked out the fair market value of your used car, the next thing is to get your car ready to sell.

Most potential buyers are going to see the vehicle online, so the photos of the used car will need to look amazing.

If you want to increase your chances of getting the most money possible for the used car, have it professionally detailed, so it appears in showroom condition.

When photographing your used car, take the highest resolution images possible. This attention to detail will give you an edge over all of the other people trying to sell their used cars.

A simpler, easier way to sell a used car in 2022

There is a simpler and easier way to sell your used car, and you don't have to go far. Bring your used car to a local car dealership and sell it to them.

This is not a consignment relationship, where the dealership tries to sell the car, and you split the money.

Instead, the dealership will actually purchase the car. You just drive it down to the dealership. Once they have completed their appraisal, you will receive an all-cash offer for the vehicle.

If you’re preparing to sell a used car in 2022, we’d love to buy it for a great price! Simply fill in the form below and we’ll get back to you ASAP! 

Thanks for reading. Be sure to connect with us on Facebook, Twitter, Instagram, or LinkedIn to stay up to date on our latest great articles!