Used Car Prices Could Fall

Posted on: 4:03 pm, January 23, 2013, by

CASH 400

If you’re in the market to buy a vehicle this year, you may want to consider buying one that’s used.

Some industry analysts predict used car prices will fall by several hundred dollars from last year’s average sales price of $16,000.

Part of that decline is due to a spike in lease terminations.

That is expected to add more inventory to the used car market and push prices lower.