Lower Used Car Prices Cut Both Ways, from Forbes.
Used-car prices are in a general decline, despite some ups and downs, and despite the fact that used-car prices have remained higher, longer, than many analysts expected.
In fact, the wholesale price of the average used vehicle actually increased a bit in October – the most recent month for which detailed statistics are available — according to auto auction firm ADESA Inc., Carmel, Ind.
The average used vehicle was $9,678 at wholesale auctions in October, up 0.9 percent from a year ago, ADESA said. To put that in context, wholesale used-car prices hit a recent high of $10,625 in March 2012. That number bottomed out at $8,628 in October 2008, according to ADESA data.
