Does a Manual Transmission Increase Resale Value?
Does your car have a manual or automatic transmission? It is an important question to ask when you decide to sell your car, truck or SUV at The Car Depot. Birmingham-area drivers who are ready to sell may want to know – does a manual transmission increase resale value? Potential sellers want to know which transmission sells better at The Car Depot and we are here to help.
How Does the Type of Transmission Affect Car Resale Value?
The number of cars, trucks and SUVs that are equipped with a manual transmission continues to decrease – and many current drivers do not even know how to drive a stick shift car. You may want to know – how does the type of transmission affect car resale value – and it is a complicated equation.
Automatic transmissions are more popular for drivers and can be found in a majority of cars, trucks and SUVs – but manual transmissions can command a premium price tag in the right vehicle and with the right buyer. Resale values are very dependent on supply and demand and with select drivers still interested in manual transmission cars, a manual vehicle may be worth more to that buyer.
A key reason why manual transmissions may command a higher price when you decide to sell is that manual transmissions are more common in previous-generation performance cars and collectible cars. Hagerty Classic Insurance has stated that a vehicle with a manual transmission can command an average 17% premium on more than 2,000 different sports, performance and classic cars. Vehicles that are commonly equipped with a manual transmission and may command a higher price include the Chevrolet Corvette, Chevrolet SS, Hyundai Veloster N, Porsche 911, Jeep Wrangler, Ford Bronco and more.
READ MORE: Do AWD or 4WD Improve Resale Value?
Does a manual transmission increase resale value? Find out if your manual transmission vehicle is worth more with this quick overview created by The Car Depot. Contact The Car Depot today to find out how you can get the best price for your pre-owned car, truck or SUV!