Used Car Prices Finally Drop After 5 Month Streak
May 28, 2009
Starting in November 2008, used car prices kept rising for 5 consecutive months. Buyers were avoiding new cars and opting for used, which drove prices up.
Last month, used car prices finally broke the streak and fell nearly 1% from the month prior. Prices dropped 6% when compared to the same time last year.
Not all segments dropped however. Luxury vehicles and pickup trucks still increased in price (by about 2%).
Nevertheless, used car prices seem to have leveled off a bit and the opportunity to get a good deal over the next few months has increased.
Week of September 2, 2010
Week of August 26, 2010
Week of August 19, 2010
Week of August 12, 2010
Week of August 5, 2010
Week of July 29, 2010
Week of July 22, 2010
Week of July 15, 2010
- Toyota Extends Incentives - As Predicted
- Chrysler Offering 0% Financing and $3,000 Cash Back
- Better Car Deals Being Offered in July
- Ford Offers 0% APR and Cash Back on Leftover Models
- Great Deals on 2010 Chevrolet Traverse
- 2011 Cadillac CTS Coupe Arriving One Month Early
- Fiat Dealerships Will Open in 2011
Week of July 8, 2010
Week of July 1, 2010
Week of June 24, 2010
Week of June 17, 2010
Week of June 10, 2010
Incentives Watch
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