Overhaulin'

is the price of a new car about to soar?

-as the prices of steel, copper, etc have increased so much and energy prices gone up. OK, car parts suppliers will have agreed the price they will pay for metals a number of months in advance but when that period expires...Perhaps the price of a new car will be 30% more in a year. Used car prices will follow the increases, maybe I should change my car now.

Public Comments

1. It won't make a difference. If new cars increase in price due to metal prices, your old car will also increase in worth because it's made of...metal. Don't panic.
2. i dont think you have too much to worry about. Used cars wount go up in price mainly because people need to sell them.
3. I believe the prices of cars will come down due to the fact that cars are not selling well at present. Many show rooms are closing.
4. The prices of cars will increase, however, demand for certain vehicle will drop due to the high price of gas. Some manufacturers are giving up 10k under MSRP price to move their SUVs for example. Of course cars that are more fuel efficient will net a higher price.