What Can Affect Used Car Prices
Car enthusiasts like to talk about the value of cars and how they hold their value. This topic is a little more complex than it seems. The truth values are determined by several factors that can affect the price of a car. We will be looking at determining what your car is worth and what can affect used car prices in the Philippines.

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What Can Affect Used Car Prices?
Economic
The economy's performance is a factor in the prices of both new and used cars. When the economy is doing well, people enjoy good job prospects and stable incomes; this makes them more likely to buy new cars. Greater demand for new cars will cause the prices of new cars while the price of used cars remains flat.
This is because the supply of used cars remains constant while the demand increases. The result is that used cars will become relatively cheaper, so more consumers can purchase one, leading to an increase in the used-car market.
Brand
While some vehicle makers are known for their superior city driving, others have a reputation for being less durable. However, these reputations don't always correlate with overall vehicle quality.
This is because car manufacturers can't always control how owners treat their cars. Other factors, such as maintenance and environmental factors, such as ozone, can also affect the longevity of a car.
Style
While the make and model of the car will always have some impact, the body style and class may alter the price of the vehicle. A coupe or sports car will be worth more than a family car because of its design, as most people prefer smaller cars to lift off the ground.
The same goes for body style, where a two-door car is worth more than a four-door car. It is important to remember that these factors are not the only way to determine the value of a used car, especially because the engine type will also affect the price of the vehicle.
Transmission
Even though stick shift vehicles offer better fuel economy, they generally command a lower price tag than their automatic counterparts. In addition to being less fuel efficient than automatics, stick shifts often have larger engines, making them less attractive to budget-conscious car shoppers.
They also are less accessible to drivers with physical disabilities and can be difficult to master for people who have never driven one.