Prices on Used Cars are going UP!
Most people are aware that when considering between new or used most saavy consumers consider a preowned vehicle vs new. The reason for this is the hit on depreciation once you drive a new car off the lot. Depending on the make and model the hit can be as high as 50%. Since the downward change in the economy the used car industry had been somewhat stagnant, yet in 2011 things has started changing toward the better for the industry. The used car industry had a good 2011 and it’s looking to have an even better 2012 based on predictions by industry experts who see strong sales numbers continuing and “strong prices” ongoing in certain segments. So if your considerering buying a used car in the near future you might want to acquire it sooner before the expected price increase. Check out this yahoo article on the subject.
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