Edmunds says used cars price rise except that of Toyota
Almost all the other car companies have filed a rise of almost 2-3% in the value of its used products, world's largest automaker Toyota Motor Corporation is having a tough time in the used market as well. The Japanese automaker's value of the product fell in the used car market taking cue from the massive recalls that the company has announced over the past couple of months.
Roughly, the company has recalled more than eight million units of the Prius, Corolla and Camry.
While the price of Camry is still flat in the used car market, its counterparts have filed a rise of 2-3% on an average. The online resource for automotive information, Edmunds. com has recently cited the fact that surrounded by negative publicity buyers are mostly shying away from Toyota products in the used car market.
In fact, since a lot of Corollas and Camrys were returned by the fleet owners recently which made the market more of buyers market as a lot many units were available in the market.