How Will Self-Driving Cars Affect the Used Car Market?

Self-driving cars are quickly becoming a reality. While Elon Musk predicts fully self-driving vehicles within two years, others suggest that it might be longer, but most people close to the technology and car industry are talking about when, not if, the switch will occur.

This advancement is going to bring widespread change to a lot of people and companies. Cities and states are preparing their legislative guidelines for the needs of an autonomous reality, and industries that currently use drivers are thinking through what these changes will mean for them. One area that is certainly going to be impacted is the car industry. While we can’t completely predict the future, we can look at trends and data to make some observations about the likely impact the self-driving car is going to have on manufacturers and car dealerships.

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