Used Car Prices Could Drop in 2010
Used car prices went up every month in 2009, fueled by a decrease in trade-ins and lower inventories from Cash for Clunkers. Analysts believe prices will start to level off in 2010 as new car sales increase at an expected rate of 15%.
While it is good news, these same analysts say it will take several years before supply returns to the levels of the previous decade.
Soaring Used Car Prices Poised to Level Off in 2010 (USA Today)