Get Our Weekly Car Buying Tips
  • Rebates, Incentives, and Lease Deals
  • Latest Negotiation Tactics
  • Alerts on the Best Car Deals and more...

Enter Your Email

(We have a strict NO SPAM policy)
Keeping You Updated on the Best Car Deals & Latest Car Buying Tactics




TrueCar

Used Car Prices Expected to Drop in 2010

January 7, 2010


Used Car Prices in 2010The best way to maximize savings when buying a car is to purchase one that is 3 to 4 years old. This way, you'll avoid incurring the largest cost of a new vehicle - depreciation cost.

This past year however, used car prices steadily increased due to unusually low supply. With new car sales near 30-year lows, people were trading-in fewer cars for new ones. In addition, rental car companies were keeping their vehicles for a longer duration rather than upgrading to newer models.

According to USA Today, there were 8 million fewer used cars and trucks over the past two years.

If economists are correct, that's about to change in 2010. Car sales have recently improved and economists are expecting a 15% increase in new car sales this year. This means more people will be trading-in their used cars, thus increasing the supply.

This is good news if you intend to buy a used car this year. But keep in mind that new car sales are still way below average and used car prices will still be higher than usual. If you're buying used, our advice is to buy a car that is at least 3 years old. If you're looking for anything newer than that, your savings won't be as large.

See the lowest prices on a vehicle in your area (plus see the actual incentives you qualify for)
Enter Your Zip Code:

Recent Car Deals, News, & Incentives  RSS Feed

Don't Miss the Weekly
Car Deal Alerts!
(Sent Each Thursday)

Enter Your Email Below


(NO SPAM, easy to unsubscribe!)
02/02/2012
01/26/2012
01/19/2012
01/12/2012
01/05/2012
12/29/2011
12/22/2011
12/15/2011
Incentives Watch




We always welcome your car buying questions. Email Us and we'll be glad to answer them!





Disclaimer & Copyright    | Privacy Policy    Questions, Comments, or Feedback? Email Us

GM Incentives | Ford Incentives | Hyundai Incentives | Honda Incentives | Toyota Incentives