If you noticed the price of buying a used car in 2009 going up, you are in for some pleasant news. Used car prices are expected to level off and even decrease throughout 2010.
An article in USA Today states that there is an expected increase in the used car inventory. In fact, used car dealers should have about 15 percent more vehicles for sale in 2010 than they did in 2009. Those numbers come from a report by the National Automobile Dealers Association.
Paul Taylor, the chief economist for the NADA, stated there were fewer trade-ins last year. Combining that shortage with fewer rental car fleets and leased vehicles coming to the lots for sale, used car dealers has a lower inventory in 2008 and 2009 than in previous years. But, Taylor says, the Cash for Clunkers had no effect on the shortage nor was it a factor in the increased prices of used cars during 2009.
If you were avoiding your used car dealer last year because of the higher prices, check out the new deals available in the used car market. You will be pleasantly surprised and you may just find a great deal on a car you have always wanted! |
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