Used Car Prices Experience Shift

USA Today - October 12, 2012

Used-car shop­pers will be pleased with recent changes in used car pric­ing on deal­er lots and why now is a good time to buy a recent used car.

Find out why and what the ana­lysts have to say.

A sus­tained rise in new-car sales has boost­ed the sup­ply of late-mod­el used cars. Why? Because now there is a fresh, new sup­ply of trad­ed-in vehi­cles.

More sup­ply means prices can drop. They’re down 2.1% from a year ago at the whole­sale lev­el, says Ade­sa Ana­lyt­i­cal Ser­vices.

That’s not to say used-car prices are back to pre-reces­sion lev­els, or will be any­time soon. In Sep­tem­ber, auc­tion facil­i­ta­tor The Used Vehi­cle Val­ue Index from Man­heim, anoth­er whole­sale auc­tion house for used cars, remained a few points below its 2011 highs, but it still out­paces any lev­el before April 2010.

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