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Used Car Prices on the Rise

If you’re in the market for a used car, don’t expect to get a fantastic deal. Used car prices are up and will continue to rise in 2012, thanks to an increase in demand and decreased supply. "Consumers shopping for either a new or used vehicle will benefit this year from higher trade-in values along with loosening credit," Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide, said at the NADA Convention ... continue reading»

Tags: News, Used Cars, Used Car Prices

For Best Used Car Prices, Buy During Holiday Season

If you’re looking to purchase a used car in the near future, CarGurus, a car research and shopping site, says that now is the time to get the best deal, rather than waiting for the hustle and bustle of the holiday season to subside. According to a recent press release, the “CarGurus’ Used Car Price Index data shows used car prices typically hit their lowest average of the year in the period between Thanksgiving and the first week of ... continue reading»

Tags: Tips and Advice, Used Cars, used car buying, used car buying advice

Used Luxury Cars are Closing in on New Car Prices

Luxury car buyers are facing such high used-car prices that more are making the jump to buying new, reports Bloomberg. In some cases, it’s actually more expensive to buy a used luxury car than a new one. “BMW AG's 2011 3-Series compacts and M3 sedans now cost $34 more a month than one-year-old used models, according to Edmunds.com,” writes Automotive News. “General Motors Co.'s Chevrolet Corvette is about $12 a month cheaper to buy new than ... continue reading»

Tags: News, Used Cars

Used Car Buying Mistakes: Avoid These to Save Money

Used car prices reached record highs in April and May, but as gas prices start to fall, used vehicle prices are beginning to drop. If you can’t wait for prices to drop further and must buy now, avoid making these common used car buying mistakes. One mistake, like being afraid to negotiate or buying a car with mechanical problems, can cost you a lot of money. For our list of common used car buying mistakes and how to avoid ... continue reading»

Tags: Features, Used Cars, Negotiating, used car buying, used car buying advice

Could High Car Prices Be Good News?

Like a lot of people, I was in the market for a new car until the earthquake in Japan hit. Since I wasn’t able to buy in March or early April (I hadn’t made up my mind on which car I wanted yet), I got some sticker shock in May as car prices went up. Analysts initially predicted that prices would stay high for a while, but when demand tapered off in May, many changed their tune.  Now ... continue reading»

Tags: Features, Used Cars, car deals, new car prices

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