Used Car Prices – Going Higher or Lower? - September 14, 2012

Used-car prices could fall 4–5 per­cent over the next 12 months, resid­ual-val­ues pre­dic­tor ALG said in its lat­est month­ly report. CNW Mar­ket­ing Research sees a rise in used-car demand with few­er units avail­able.

Find out why some think used-car prices will remain high.

Mike Hogan didn’t expect much for his trade-in, a 13-year-old stick-shift Sub­aru Forester SUV with 129,000 miles on the odome­ter. He’d have been hap­py with $1,500.

The deal­er offered $2,750.

From 2008 to 2011, reces­sion-wracked car shop­pers bought more than 19 mil­lion few­er vehi­cles than dur­ing the ear­li­er 2000s. That, in turn, affect­ed the num­ber of used cars on the road today, avail­able to used-car shop­pers like Hogan. [Read more]



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