Link.
I was kinda hoping to score another vehicle come spring/summer. I guess pricing could change by then, so maybe this is just another blip, and I shouldn't read too much into it. That said, I've been not looking the last couple of weeks, don't feel like crawling under anything while snow is on the ground, I can still wait a few months.
The price of used cars has been falling steadily, and steeply, for much of the last year. Unfortunately for car buyers, that could be about to change.
Wholesale prices for used cars being sold at auction have risen sharply in the last few weeks, according to industry data. Higher retail prices on used car dealer lots are likely to be close behind.
According to data from Manheim, the largest wholesale automotive marketplace, prices jumped 4% in just the last two weeks, an unusually large increase in such a short time period. While many in the industry expected the drop in prices wouldn't last, the sudden increase caught many by surprise.
I was kinda hoping to score another vehicle come spring/summer. I guess pricing could change by then, so maybe this is just another blip, and I shouldn't read too much into it. That said, I've been not looking the last couple of weeks, don't feel like crawling under anything while snow is on the ground, I can still wait a few months.