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Used Car Prices Keep Increasing

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.






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About The Author

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.

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