RealCarTips Logo

Used Car Prices Keep Increasing

September 29, 2011

Having trouble finding a good late-model used car? You're not alone!

Blame the slow-down in sales of new cars.

As a result, it will be difficult to find a good bargain for a while.

The dearth of sales at new car dealers means there are fewer trade-ins, notes Consumer Reports. This creates a lack of available late-model used cars for two reasons:

1) There are simply fewer people trading in their cars for new car dealers to re-sell.

2) People are keeping their cars longer so by the time they finally hit the used market, they are much older and in worse condition.

With a short supply of high quality used cars out there, prices have been rising steadily.

However, notes Consumer Reports, "Late-model vehicles are still among the best values you'll find".

It's just going to be more challenging finding the right car at the right price.

On the flip-side, if you have a late model used car that you're looking to trade in for a new car, then you have gold on your hands.

You should negotiate agressively with dealers because demand for late-model used cars is astronomical right now.

My Recommendation for Car Shoppers

TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
  • Best Rebates, Incentives, and Lease Deals
  • Latest Car Buying Scams and Tricks
  • The Best & Worst Time to Buy a Car
  • Which Cars You Should Avoid
Enter Your Email Below

(Absolutely NO SPAM, easy to unsubscribe)
×

Gregg Fidan

About: Gregg Fidan


Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

Latest Weekly Car Buying Tips    RSS Feed

November 23, 2017
November 16, 2017
November 9, 2017
November 2, 2017
October 26, 2017
October 19, 2017
October 12, 2017
October 5, 2017
September 28, 2017
September 21, 2017
September 14, 2017
September 7, 2017
August 31, 2017
August 24, 2017
August 17, 2017
August 10, 2017
August 3, 2017
July 27, 2017
July 20, 2017
July 13, 2017
July 6, 2017
June 29, 2017
June 22, 2017
June 15, 2017
June 8, 2017
June 1, 2017
May 25, 2017
May 18, 2017
May 11, 2017
May 4, 2017
April 27, 2017
April 20, 2017
April 13, 2017
April 7, 2017
I welcome your car buying questions. Email Me and I'll be glad to answer them!