President Obama’s new regulations and guidelines on the auto industry’s fuel efficiency requirements could make the used car lots even more popular than they are right now.
Tomorrow, President Obama is expected to announce that he wants the automakers to accelerate their move towards making cars that get at least 35 miles per gallon. Currently, the regulations require automakers to reach that goal by the year 2020. Under his new plan, they will be required to reach that goal four years earlier in 2016. That’s all the auto industry needs is more pressure than they already have.
If the announcement is what we are all expecting, you can probably expect the prices on new cars to go up to help the automakers pay for the accelerated schedule. That means your best bargain is going to be at dealers of used cars. Even if the used cars do not get the regulated 35 miles per gallon, the newer used cars come pretty close to that goal and with the money you save, you will still be coming out ahead financially.
Visit your local used car dealer today and shop around for a car that meets your expectations. If you’ve never tried one before, you will be pleasantly surprised.