This is not great news.
Do you remember Saturn? The Saturn brand, a plastic-clad and fuel-efficient brand, was created to grab customers’ wallets while they were shopping for Japanese economy cars. It also helped General Motors increase its Market share. The Saturn brand was discontinued in 2010. However, we were surprised to learn that Saturn’s used Saturn cars are now selling well. What gives, for a brand that doesn’t make the most desirable cars?
The popularity of Saturns has never been greater due to a variety of factors, including the chip shortage, rising demand for used cars and rising fuel prices. Cargurus.com reports that Saturns’ values have increased by 26.07% in the past 90 days. Smart was the closest competitor, with a value increase of 22.12% over the past 90 days. You should hurry and buy used Saturns to speculate on a consistent value increase as a new Cryptocurrency.
No, way. This price increase is a sign that used car buyers are running out of options. We see a completely different story if we compare used car values from 2020-2021. We see luxury car brands aside, Volkswagens values ballooned by 35.13%, Toyotas grew 30.54%, and KIA rose by 30.03%.
Used car buyers have been choosing to buy brands that are still in operation, which has led to an increase in used prices. Budget car buyers are now limited to Saturns and not able to purchase used cars from established brands. You will need to spend a lot if you are looking for a pickup truck. The used truck value has increased by 44.07%. The chip shortage has directly affected American manufacturers.
Why is the Saturn’s price on the rise? It’s because customers have run out of options. To capitalize on this market, you should sell all used Saturn cars.