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]