Study Shows Value Of Used GM Cars Plummeting Due To Recalls

Study Shows Value Of Used GM Cars Plummeting Due To Recalls
Since the beginning of 2014, America's automotive industry was hit hard by the NHTSA over various safety and non-compliance defects. Out of the total recall population, GM is king of the hill with its 28,7 million faulty vehicles. As expected, a mess-up this big has affected the selling price of older GM cars.

iSeeCars.com has recently released a study which informs about overwhelming price drops experienced by old General Motors models recalled over faulty ignition switches. The search engine that helps consumers find great used car deals assessed 6 models in this new study, finding that the average price of these cars dropped by 14 percent from March through June 2014 compared to the same period in 2013 adjusted for inflation.
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TheSteveTheSteve - 7/24/2014 2:47:21 PM
+2 Boost
How do you know sales are down due to recalls? Correlation does not equal causality.


MattDarringerMattDarringer - 7/24/2014 4:53:16 PM
+2 Boost
Brilliantly said.


TomMTomM - 7/25/2014 7:23:36 AM
+1 Boost
Indeed - price drops could be due to availability too

And this is an opportunity to buy a car with what is an easily fixed problem - at a bargain price


MattDarringerMattDarringer - 7/24/2014 8:41:09 PM
+1 Boost
If GM cars dump in price on the used car market, buy because they are really reliable and last forever.
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