Family Car Zone: Car Prices Used

car prices used

If you’re shopping for a used car, there’s good news. Used car prices are beginning to drop after months of record high levels. Earlier this year, analysts said that used car shoppers should expect to pay more due to higher demand and lower inventory With auto sales recovering from their recession-era slump, the industry's supply of used cars has started to rise again, driving down prices. This in turn will pressure new-car prices and raise the stakes for automakers, which have enjoyed the new-car Bargain-hunters in the used vehicle market are in for a rude awakening: prices are now at historic highs after rising hundreds or even thousands of dollars a unit over the past few years. Lately, the used-car market has thrived as the new-car market has Last summer, used car prices were sky high -- not as high as they'd been earlier in 2012, but close enough that the price gap between "new" and "new used" cars remained very, very narrow. But oh, what a difference 12 months can make. According to Used car prices have surged again in April, especially for gas-sipping models. A combination of rising gas prices and a disruption of the supply of cars and parts from Japan has added as much as 7% in April for used models like Honda Civic and Toyota Corolla. On Tuesday I wrote about how a shortage of homes for sale in many areas, combined with an uptick in demand, is pushing prices upward. Something similar is happening in the used-car market. A shortage of used cars - combined with higher demand from buyers .

The increased new cars sales have recently created a decline in the used cars prices. In 2013 sales of new cars went up 5.9% to around 16.5 million vehicles sold. Jonathan Banks, executive analyst for NADA Used Car Guide, stated that for the first time in SANTA MONICA, CA--Feb. 11, 2014: A glut of vehicles hitting used car lots will drive down prices as much as two percent this year, projects Edmunds.com. And while that might be music to your ears if you're in the market for a used car, Edmunds.com says At times, what with new-car incentives and soaring used-car prices, there were screwy instances of new cars being cheaper than used models have gotten less expensive in recent months, with the average secondhand vehicle selling lately for 2.4% less DETROIT – The U.S. auto industry will have to offer more discounts to maintain demand as prices for used cars decline. With auto sales recovering from their recession-era slump, the industry's supply of used cars has started to rise again, driving down .