How Much Is A 2014 Chevy Cruze Worth? Here’s How To Find Out
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The Chevrolet Cruze is a solid option for the compact sedan segment fans. Thanks to its impressive interior, excellent fuel economy, and generous standard features, this small car became one of Chevy’s best sellers. Unfortunately, the Chevy Cruze has driven off into the sunset, making the 2019 model its final iteration. The manufacturer had to focus on its lineup of SUVs, which is an all too familiar story nowadays.
How much is a 2014 Chevy Cruze worth? When it comes to a used Chevrolet Cruze, the 2014 model is considered one of the best ones. If you have a used 2014 Cruze, you should consider selling or trading it in, which we’ll explain later.
Why is it the ideal time to sell or trade in your used 2014 Chevy Cruze? How does one calculate the trade-in value of their used vehicle? What are the factors used to estimate the trade-in value of your 2014 Cruze? Let’s answer all these questions and more.
It’s The Market for Used Car Sellers
If you’ve recently browsed for a new or used car, there’s a good chance you’ve encountered two things: high prices and low inventory. And no, it’s not just you because we’re just coming off from record-high prices back in January. The COVID-19 pandemic, Russia’s invasion of Ukraine, and persisting chip shortages aren’t doing the market any favor.
In January, the U.S. Bureau of Labor Statistics published a document called Consumer Price Index News that shed light on the automotive market, among many other things. One of the most interesting tidbits is that new car purchases were 12.2% more expensive in January than a year ago. However, that’s not even the shocking part. Used car buyers paid a price hike of 40.5% compared to the previous year.
Furthermore, Edmunds conducted market research where it found out that 8 out of 10 Americans paid above sticker price for new vehicles. To put that into comparison, only 2.8% in January 2021 and 0.3% in January 2020 of new car sales were above MSRP. All the forces at work here, combined with skyrocketing gas prices and high demand, enabled all-time high numbers.
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Are Car Prices Ever Going to Come Down?
Although things may look dire for the average car buyer, car prices have consistently declined for a few months now. According to CNBC, prices for used cars saw a 6.4% drop since the January record highs. However, the prices overall are still high, especially when compared to just last year.
Fortunately, inventory is improving as 1.2 million new cars arrive at dealerships. As more new vehicles become available for consumers, the demand for used cars will likely decrease and their prices. Experts predict that prices will stay high for the rest of the year.
So Why Should I Sell or Trade In My 2014 Chevy Cruze?
How much is a 2014 Chevy Cruze worth? With the right approach, you could make more cash on the side by selling or trading in your used 2014 Cruze. Although car prices are declining, they sure are taking their time, and they’re likely to remain high. It’s not a favorable market for buyers, but used car sellers can capitalize on this trend.
Because used cars are currently in high demand, they have unusually higher price tags than average. In some cases, some used cars are more expensive than brand new ones, which is insane. So if you sell or trade in your car now, you could potentially profit from the sale – that could go into a new car or pay off your lease buyout price and still make top dollar on the side.
Generally, selling to a private buyer may get you more money for your used vehicle. However, dealerships are hurting to fill their lots with used cars, which is something you can take advantage of. Hit up your local dealership and see if you can get a good deal.
What are the Main Factors that Determine Trade-In Value?
Before we calculate how much a 2014 Chevy Cruze is worth, let’s check out the primary factors being evaluated when trading in.
- Mileage – Odometer readings are crucial when evaluating the trade-in value. It’s pretty simple, the higher the number on your odometer, the lower the value of your car. High-mileage vehicles are more likely to have mechanical issues or are due for major repairs.
- Interior condition – The stains and damaged cloth seats may remind you of the good times, but they won’t sit well with prospective buyers. Invest in auto detailing and increase the value of your Cruze.
- Exterior condition – Small dents and dings may seem like normal wear, but they can drag the value down for your vehicle. If you can, have those exterior blemishes repaired.
- Maintenance record – It’s car ownership 101. Routine maintenance services always come first as they improve longevity and retain the value of your car. Please keep a record of all your maintenance visits to present them during the sale or trade-in.
- Vehicle options and add-ons – Factory features and add-ons that provide entertainment, comfort, and safety will increase the value of your Cruze. On the other hand, aftermarket modifications like spoilers, turbochargers, and oversized rims turn your vehicle into a tough sell.
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Tools to Calculate Your 2014 Chevy Cruze’s Trade-In Value
How much is a 2014 Chevy Cruze worth? To get a quick estimate, we highly recommend the following tools.
Let’s start with the Edmunds.com Appraisal Tool, a reasonably robust tool that lets you select numerous options and specs to get an accurate estimate. According to the Edmunds tool, a 2014 Chevy Cruze has a trade-in range of $4,475-$12,341.
Next, the KBB’s My Car’s Value Tool is another popular trade-in value calculator that provides flexibility when creating a vehicle profile. For the base model 2014 Chevy Cruze with 75,000 miles, the trade-in range is $6,061-$7,254.
Last but not least, our CoPilot’s Hidden Profit Calculator is the best tool for finding out if you can profit from your used 2014 Cruze. Using the tool, you’ll calculate the Real-time Market Value of your Cruze and compare the value with the top market bids in your area. It’s a great tool that only requires a CoPilot account.
8 QUESTIONS TO ASK WHEN BUYING A USED CAR
So you’re in the market for a used vehicle? We’ve gone ahead and prepped some essential questions to ask when buying a used car.
Get a Curated List of the Best Used Cars Near You
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