We’re halfway through Q1 of 2025 and, after a relatively turbulent (not to say “chaotic”) start of the year, things are finally starting to calm down. As the storm passes, new used car market trends are starting to emerge and older ones begin to crystallize and solidify.
This gives budget-conscious buyers a range of opportunities to acquire roadworthy used cars for sale in Waco, TX (and throughout the US) – and at incredibly affordable prices. Let’s explore the most prominent trends in Q1 of 2025 and see how you can make the most of them.
Trend 1: Economic Factors are Driving Demand for Affordable Vehicles
Persistent inflation and exorbitant living costs make used cars a more attractive option than ever before. High prices and rising interest rates of new vehicles do not help either; rather, they further push the buyers toward pre-owned options, especially those in the “under $20,000” bracket.
Finally, people are getting more budget-conscious by the day – and more determined to use every resource at their disposal to dig out the best deals. As a result, there’s a dramatic priority shift toward practical and economical vehicles.
How to make the most of it?
Use online resources to:
- Gouge out the best deals (including promotions, discounts, clearance sales, etc.);
- Research vehicle makes and models that will best suit your needs and lifestyle;
- Research smart financing options to further reduce the cost of buying a used car.
Trend 2: More Used Electric Vehicles (EVs) Entering the Market
As manufacturers are churning out new models like popcorn and the “early adopters” are jumping at the opportunity to upgrade, the market is slowly getting flooded by gently used EVs. With more reliable, longer-lasting batteries and the supporting infrastructure (e.g., charging stations) consistently spreading, it looks like EVs will no longer be a niche choice.
How to make the most of it?
In addition to everything mentioned in the previous section, you should also check out government incentives for buying used EVs, as these are also becoming more common and easier to acquire.
Trend 3: Increased Availability of Certified Pre-Owned (CPO) Vehicles
It looks like buyers aren’t the only ones aware of the growing demand for used rides, as evident by the growing influx of CPO vehicles in dealerships throughout the country. Needless to say, this is a great thing for buyers, as having a manufacturer’s warranty adds another layer of security when purchasing a used car.
How to make the most of it?
Research brands that offer the most beneficial CPO programs. Even if the brand does not precisely align with your initial choice of vehicle, compromising a bit can lead to a better outcome, as CPO programs are generally considered to offer an excellent balance of affordability and assurance.
Trend 4: Market Growth & More Inventory Leading to Competitive Pricing
As is evident from previous trends, the used car market is slowly but surely stabilizing, and the dealers’ inventories are getting packed with quality pre-owned rides at a rapid pace. For buyers, this is absolutely phenomenal (not so much for dealers, though).
One thing you must understand about used car dealerships: they are hyper competitive. They are ready to offer amazing deals to stay ahead of the competition – and you should definitely act on that fact.
How to make the most of it?
Research reputable local dealerships to find those with the best-stocked inventories and best deals. More importantly – learn to negotiate. Yes, it will be awkward in the beginning, but you’d be amazed at how much better of a deal you can get just by being informed and persistent.
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