Used Cars Prices Continue to Rise

Feb 5th 2012
Tags: Cars and Trucks

Used Cars Prices Continue to Rise

Increasing demand and a drop in the supply of used cars and trucks will lead to higher used vehicle prices in 2012, says Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide.

On a seasonally adjusted basis, the NADA Used Car Guide predicts used vehicle prices will increase by 1.8 percent by the end of the year, peaking in April and May. Used vehicle prices increased 3 percent in 2011.

The NADA Used Car Guide predicts prices for large SUVs will increase by 1.4 percent this year.