Archive for July 22nd, 2011

22
Jul
11

Used Car Prices Still Going Strong

With the rise in gas prices and the effects of the tsunami and earthquake that hit Japan, used car prices for small vehicles, particularly Japanese made cars, have been on the rise. As the summer is coming closer to an end looks like these used car prices may have finally peaked although prices are still 10-30% higher than at the start of the year according to NADA Used Car Guide. For example, a Chevy Aveo that was worth $5,275 in January could still be worth 20% more in August, and for Japanese made vehicles such as the Toyota Prius the increase could be more. Senior analyst at NADA Used Car Guides says that although prices are still up, they should begin to decline slightly in the fall.

To read full article in the Wall Street Journal, please click here.




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