RealCarTips Logo

Used Car Prices Should Remain High in 2012

January 5, 2012

Prices on used vehicles are expected to remain high in 2012 due to a continued shortage of inventory.

The number of used cars available today is dependant on the number of new cars that were sold in the past 3 years.

There were only 10.3 million and 11.6 million new cars sold in 2009 and 2010, compared to average levels of 16 million in prior years.

To make matters worse, leasing took a huge nosedive, so there are few lease-returns coming back right now.

The good news is that higher used car prices make new cars more attractive. The year-over-year depreciation rate on 2010 models was only 6.6%.

Some experts are predicting increased incentives on new vehicles during the first quarter as Honda and Toyota try to gain back market lost market share.

If you currently have a used car you want to trade-in or sell for a new one, this is a good year to do so.

Used car prices are expected to keep increasing from now until summer.


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.
- 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

May 23, 2019
May 16, 2019
May 9, 2019
May 2, 2019
April 25, 2019
April 18, 2019
April 11, 2019
April 4, 2019
March 28, 2019
March 21, 2019
March 14, 2019
March 7, 2019
February 28, 2019
February 21, 2019
February 14, 2019
February 7, 2019
January 31, 2019
January 24, 2019
January 17, 2019
January 10, 2019
January 3, 2019
I welcome your car buying questions. Email Me and I'll be glad to answer them!