Friday, August 20, 2010

Pre-Owned Cars Are The Way To Go

At Pumpkin Fine Cars and Exotics we are always immersed in researching current industry trends to keep our business at the fore front, and keep our customers informed and educated.  Recently we came across an article from Edmund's.com that states that pre-owned car prices have risen 10% over the same time last year.  There are a couple of different market factors that have contributed to this rise in prices.  The main reason this is happening is because of the current economic climate.  With uncertainty still clouding the economy, the new car market is just starting to rebound.  Many car buyers have been searching for pre-owned cars that are lower priced and that is raising demand for these cars. The simple economic principle of supply and demand dictates that when demand increases, supply decreases.  In the pre-owned car industry the supply is contingent upon the demand for new cars.  Simply stated, if less people are buying new cars, less people are trading or selling their current cars which leads to less cars available in the pre-owned market place.  So, as you can see with more consumers shopping for pre-owned cars and less pre-owned cars available, that will generally lead to an increase not only in price for the consumer, but also in cost for the dealerships.  We have seen it first hand here at Pumpkin and have done our best to keep a steady supply of inexpensive, yet extremely high quality cars to fill this gap in the market. 

Owner Franck Freon has found a niche in the buying process where we have been able to secure quite a few older model cars that have good miles and are in great shape both cosmetically and mechanically.  We still, of course, have our wide selection of luxury sedans and SUV's from Mercedes Benz, BMW and Acura that are Pumpkin's "bread and butter".  We are also finding cars from some of those same brands that we are able to retail from under $12k or so and keep our prices down generally for our customers.  Now that we are trying to fill this void in the market one thing we will not compromise on is our extremely detailed Pumpkin Certification Process.  All of our Pumpkin Cars go through the same process and get the same treatment.  It does not matter if it is a 1999 Toyota Solara priced at $7,995 or a 2006 BMW 325i priced at $19,995.  Every car is still test driven by Franck Freon and every car gets anything it needs put into it before it is ready for sale whether it is service related, cosmetic touch-ups or detailing.  This is what sets Pumpkin Fine Cars head and shoulders above our competition.  We treat each car as if it were a $46,000 2008 BMW X5 and want our customers to be able to drive away with a high quality Pumpkin Car regardless of the price. 

You can see any of the cars mentioned in this blog here at our unique indoor showroom in Egg Harbor Township just off of Fire Road.  Stop in and chat with Franck and shop for your dream car in a relaxed family friendly atmosphere.  Let one of our courteous, knowledgeable staff members send you out on a free, no hassle test drive.  As always Pumpkin Cars can be reached over the phone at 609-646-7676 and via email at [email protected] .  Franck Freon and Pumpkin Fine Cars can be found on Facebook, you can follow http://twitter.com/pumpkincars, you can watch videos and subscribe to the Pumpkin Cars Channel on YouTube and if you enjoyed what you have just read, feel free to subscribe to our blog.

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