Used cars aren’t holding their value as well they did as a few years ago and will continue on a downward spiral.
While prices of used cars are higher on average, some used car prices are actually on the decline, according to Edmunds.com.
Used-car prices are expected to increase in the near term as a result of Superstorm Sandy.
If you’re thinking of trading in your used car, chances are you’ll get more now than in past years for the same make, model and age. The average value of 1- to 3-year-old used cars has risen from $15,000 in 2008 to more than $23,000 this year, according to analysis by Kelley Blue Book. The