Beggs: BHPH Businesses See Benefit

AutoRemarketing - July 18, 2012

Today’s trade-in has about 3 to 4 more years on it than cars con­sumers were bring­ing in just a few years ago, accord­ing to Black Book. And the stores most like­ly to gain from this trend are the buy-here, pay-here busi­ness­es, says senior edi­tor Ricky Beg­gs.

The cur­rent trade-ins, about 900,000 expect­ed this year, are old­er mod­els as peo­ple hold onto their cars longer.

“These trade-ins today are mod­el years 2000 to 2005, and Black Book believes the mileage on those vehi­cles is between 150,000 and 200,000, sig­nif­i­cant­ly high­er than mileage on trade-ins a few years ago,” said Black Book’s Ricky Beg­gs, explain­ing why BHPH deal­ers are like­ly to ben­e­fit.

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