Used Car Prices During the Recession

USED CAR PRICES UP AND STAYING STRONG Seemingly contrary to what you might expect in a soft retail market. used-car prices continue their upward push. with used-truck prices also gaining strength. Bonkrate.com MODEL AND PRICE RANGE I AVERAGE USED CAR PRICES IN 2010 11.5 Jeep Wrangler i s22.480. $38.945 I MILLION UNITS $27.426 vw Jetta S19.676 NADA recently estimated total new-vehicle sales in 2010 at 11.5 million units. This is a 1.1 million unit increase over sales in 2009. S15.488 - $24.836 vW Beetle $19.268 SI5.994 . $23.995 and Honda Civic S14.121 - $23.990 SUPPLY DEMAND $18.296 Prices are simply a result of supply and demand. Used vehicles arrive in the marketplace and onto dealer lots through a variety of Toyota Tacoma S15.980 - s23.749 $18.161 Mitsubishi Eclipse S13.632 - s22.995 $16.651 sources: Vehicles traded in on the purchase of a new one. the most common way. Honda Accord $25.968 S18.238 - $36.988 Ford Mustang S17.850 . $28.999 Rental fleets rotating their stock. $22.027 Nissan Maxima S18.238 - $36.988 | $27.972 Vehicles turned in after a lease. Repossessed vehicles. Ford F-150 $30.161 $19.998 . $43.888 THE BOTTOM LINE: Consumers hoping for a drop in used-vehicle prices should brace themselves for disappointment. The good news: If you are selling or trading in a vehicle, you may get more for it than you expect. Sources: AutomotiveNews. DomesticSale