RealCarTips Logo

Used Car Prices to Hit Rock Bottom Soon

December 1, 2011

If you're thinking about buying a used car, wait until the last week of December or the first week of January to maximize savings.

According to both KBB and CarGurus.com, used car prices are expected to drop by a further 3 to 4 percent between now and the first week of next year.

Prices peaked in August and are expected to hit rock bottom on January 8, 2012.

Historically, used car prices start climbing rapidly between January and February, sometimes by as much as 4%.

On a $20,000 used car, timing your purchase could save you an average of $800 - which is definitely not pocket change.

Sources: CarGurus, KBB


My Recommendation for Car Shoppers

TrueCar, RydeShopper, and CarsDirect are the best 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.
- 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

September 17, 2020
September 10, 2020
September 3, 2020
August 27, 2020
August 20, 2020
August 13, 2020
August 6, 2020
July 30, 2020
July 23, 2020
July 16, 2020
July 9, 2020
July 2, 2020
I welcome your car buying questions. Email Me and I'll be glad to answer them!