Is your $5k vehicle worth $10k?

by Jim Peplinski   Posted on Tuesday, February 22, 2022

If you have been paying attention to the automotive industry in the past year, you are aware that significant supply chain issues have led to extremely low inventory when it comes to new vehicles across the board. What you may not realize though, is this is the STRONGEST used vehicle market we have seen in recent history. What does that mean for you? We will get to that shortly…

Low new vehicle inventory is the result of reduced manufacturing capacity. Sold out inventory banks for numerous makes and models has now become the unfortunate norm. With a resurgence of business after the onset of the pandemic, people are desperate to find wheels to support their day-to-day operations. All of this has created a used market where values are at an all-time high, with some vehicles going for double what they are worth.

At Jim Peplinski Leasing, we are routinely seeing vans typically worth $5,000 going for upwards of $10,000 in both public and private sales. Used vehicles are hot commodities right now, meaning demand is driving prices sky-high – particularly for Savana and Transit vans.

You may have money sitting idle in your parking lot.

Let us help you turn old and unused vehicles into cash with our remarketing program. At a time when every dollar counts more than ever, you can’t afford to leave assets untapped.

JPLII can also help get you the vehicles you need, NOW. As difficult as it is to get new vehicles these days, we are starting to see movement in the right direction. Let us get you access to incoming inventory across Canada to keep your company on the road.

Contact your Jim Peplinski Leasing representative to talk through your options. We are here to help, with creative solutions to keep your business running smoothly, in any market conditions.

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