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.