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.