LAST AUTO NEWS – USED CAR PRICES MAY DROP IN 2010
Last Auto Account –
Used car prices rose badly in 2009, but analysts don’t apprehend that trend to continue. Instead, they adumbrate that acclimated car prices will akin off and maybe even abatement this year.
Kicking Tires reports, “Used car prices went up every ages in 2009, fueled by a abatement in trade-ins and lower inventories from Cash for Clunkers.” Penny-pinching Americans captivated assimilate their cars longer, and the government’s gas-guzzler buy-back affairs destroyed bags of cars that would contrarily acquire entered the acclimated car market. Even rental fleets captivated assimilate their cars longer. Those factors belted accumulation – acclimated car dealers civic had about 8 actor beneath cars on their lots in December than they do in a archetypal year – and pushed prices up.
The trend against college acclimated car prices could activate to change soon, as Americans activate affairs new cars again. USA Today reports, “An accepted 15% acceleration in new car sales this year could aftereffect in a flood of trade-ins, accretion the accumulation of acclimated cars and allowance to affluence prices.”
Still, analysts say, things may not acknowledgment to accustomed in 2010. Paul Taylor, Chief Economist for the National Automobile Dealers Association, tells USA Today, “We’ll alpha to see an affluence to the acclimated car shortage, but it will be several years afore the accumulation allotment to the boilerplate of the 1998-2007 aeon of able new car sales.”
If you’re because a pre-owned car, analysis out U.S. News’ acclimated car listings for bags of cars accessible in your area.
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