Used Car Prices Finally Drop After 5 Month Streak
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.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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