Car dealers in Maine see increase in demand for used cars

If you were thinking of selling your car, then now might be the best time to do it.

At least for Maine, US, it is true given new car sales are declining and fewer trades are coming in.

Buyers are opting for the used car market, which has led an increase in the price of the used cars.

The average price of a car listed in July was $21,558, increasing $708 from June.

Berlin City in South Portland is having a hard time to keep up with demand.

Some lenders are decreasing interest rates and pushing the first payment out to 90 days.

Similarly, demand for full and mid-sized trucks have been observed as well in the recent times.