The Motor Vehicle Sales Authority of British Columbia

Wednesday, 22 Oct 2014

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January 11, 2013

Used Vehicle Prices Decline in US

As 2012 wrapped up, and despite the short-term impact of Hurricane Sandy, the automotive industry saw an overall decline in wholesale used vehicle prices.  In a one month period, prices dropped an average of $115 per vehicle – bringing the used car prices to the lowest average price since February 2012.  This consistent drop in prices proves to be good news for buyers looking to purchase a used car in 2013.

 

Source: Autoremarketing