Used Car Prices Experience Shift

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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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