|  Did we tell you a month ago to sell your used car now if you want to get the most mullah out of your clunker? We (or rather NADA) called the peak correctly. Used car prices are heading south.
Said Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide: "The trend of rising prices for used cars will reverse course in June because of declining gasoline prices combined with a normal seasonal slowdown in consumer demand for used cars."
| Model Year | Make/Model | Jan. | May | Jan.-May
(% Chg.) | June | June vs. May
($ Chg.) | June vs. May
(% Chg.) | | 2009 | Toyota Camry | $11,510 | $13,235 | 15% | $12,560 | – $675 | – 5% | | 2009 | Honda Civic | $10,987 | $12,187 | 11% | $11,587 | – $600 | – 5% | | 2011 | Toyota Prius | $18,875 | $21,225 | 12% | $20,325 | – $900 | – 4% | | 2010 | Hyundai Elantra | $10,742 | $12,167 | 13% | $11,667 | – $500 | – 4% | | 2011 | Nissan Versa | $10,527 | $11,702 | 11% | $11,252 | – $450 | – 4% | | 2009 | Dodge Caliber | $8,132 | $9,157 | 13% | $8,807 | – $350 | – 4% | | 2011 | Ford Fusion | $14,237 | $15,662 | 10% | $15,112 | – $550 | – 4% | | 2009 | Chevrolet Cobalt | $7,465 | $8,565 | 15% | $8,265 | – $300 | – 4% | Nada figures that used-car values will decline by about 2 percent, while truck values will fall by about 1 percent. Prices for used compact and midsize cars will fall by an average of 2.4 percent, Nada predicts.
from The Truth About Cars http://www.thetruthaboutcars.com |
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