01
Sep
10

Used Car Prices on the Rise

Edmunds.com has reported that the used car prices over a large area have increased dramatically.  They believe that this could have to do with supply and consumer confidence.  Consumers are hesitant in buying new cars because of their high cost which is not good for the new car market, but is leading to more sales in the used.

Depending on the analysis the used car price is either staying the same or rising.  A three year old car may cost a lot more than it did last year, although, a two year old car in 2009 currently costs more than a three year old car in 2010 due to the supply.  What is going to happen 2 years from now when the results of last year’s 11 million of new cars are felt?

Do you agree with this?  Let me know by leaving me a comment.

To read more on Keith’s Used Car Blog, please click here.


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