Good News! Used Car Prices Dropping

From CNBC.com:

Used car prices are tumbling sharply and likely to slide through 2016, according to pricing trends.

There are a few exceptions, such as pickup trucks, which have been in increasingly high demand as contractors and fleets rebound along with the economy.

But there are deals to be had on "nearly new" luxury cars and a number of other models, according to Tom Webb, chief economist for Manheim, which runs used vehicle wholesale auctions...

Used car prices took what Webb called an "unprecedented" surge in 2008, hitting an all-time peak three years later and generally holding at above-trend numbers until now.

The reason? A lack of supply. But the new car market has rebounded faster than anticipated, so there is a growing supply of used vehicles available, driving down prices.
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Link: http://www.cnbc.com/id/101923519