Used Car Prices Should Remain High in 2012
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.
![](/assets/images/cartoons/dealership.jpg)
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
About The Author
![Gregg Fidan](/assets/images/gregg/profile-pic.png)
Latest Weekly Car Buying Tips
July 2024
- All SUV Lease Deals Compared July 2024 Jul 25, 2024
- Real Prices of New Compact SUVs Jul 25, 2024
- New Cars You Should Wait to Buy Jul 25, 2024
- Cheapest Luxury Lease Deals Jul 25, 2024
- Best Car Deals by Category Jul 18, 2024
- Cars With the Largest Rebates Jul 18, 2024
- Price Comparison of Subcompact SUVs Jul 18, 2024
- Largest Hidden Dealer Rebates Jul 18, 2024
- Best 0% Finance Deals July 2024 Jul 11, 2024
- Best Bang for Your Buck Lease Deals Jul 11, 2024
- Best Electric, Hybrid Lease Deals Jul 11, 2024
- Real Prices of Pickup Trucks Jul 11, 2024
- Biggest Discounts on New Cars Jul 04, 2024
- New Cars with the Most Available Inventory Jul 04, 2024
- Top 100 Cheapest New Cars for 2024 Jul 04, 2024
- Real Prices of Midsize SUVs Jul 04, 2024
June 2024
- Top 100 Cheapest Lease Deals Jun 27, 2024
- Best Car Deals for 4th of July 2024 Jun 27, 2024
- Worst Cars to Lease Right Now Jun 27, 2024
- Real Prices of Compact Cars Jun 27, 2024
- Best Car Deals Around the Country Jun 20, 2024
- Real Prices of Midsize Cars Jun 20, 2024
- Real Prices of Large SUVs Jun 13, 2024