Are you interested in auto technician training or auto sales college? Before you settle on a course of study, take the time to familiarize yourself with some emerging industry trends.
Compact used cars are appreciating
As most graduates of auto sales college will have learned, tradition has it that a used car should decrease in value by an average of 15% per year. But according to some figures from 2011, five-year old small cars like the Honda Civic and Ford Focus actually increased in value between 2010 and 2011.
There are several reasons for this change, which may be of interest to those considering automotive careers. The decline of the North American car industry has affected the used car market, which in the past was partly fed by the surplus of North American-made stock. Also, the Japanese tsunami has led to an increase in prices of Japanese cars, leading some consumers who would have otherwise opted for a new car to seek a used alternative.