By David Thomas on January 4, 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)
Managing Editor David Thomas has a thing for wagons and owns a 2010 Subaru Outback and a 2005 Volkswagen Passat wagon. Email David