Recalls do little to affect used car values

With all the recent hype surrounding car and car-part recalls, many car owners have been wary about the values of their models. However, experts say that despite the bad press that’s surrounding these recalls, they actually do little – if anything – to negatively affect value.

Due to the miniscule size of most recalls (at least in terms of how it impacts overall vehicle performance), and widespread schedule at which they’re repaired, the cars themselves had had little change from the recalls. Therefore, their values are holding strong, experts say. Meaning cars continue to hold their worth, while resale rates have continued to remain constant.

While other factors will certainly work to reduce overall price, it seems as the recalls themselves aren’t hurting car owners. To learn more about recalls, or how they might have the potential to affect your vehicle’s resale, talk with your dealership. Or find out more by reading this article.