Used Car Prices Dropping Like a Rock

Back on May 10th, I told readers that used car prices had hit their peak for the year, and to sell if you had a car you needed to get rid of.

Analyts are expecting prices to keep falling through the rest of the year, but the rate of decline should be slowing down. Pickup trucks are the only segment bucking the trend, with prices having actually increased slightly over the last three months.

If you have a used car you need to get rid of, you should still try to sell it now rather than wait. If you're in the market to buy one, prices have become more attractive, but waiting a few more months could save you a few hundred dollars extra.