Tag Archives: NADA Used Car Guide

Used car prices decline as shortage of late model vehicles eases

The price of used cars posted its biggest drop since October, according to an industry guide, an indication the tight market for late-model-year vehicles is starting to ease.

The NADA Used Car Guide said prices for cars and trucks up to 8 years old declined 2.1 percent in May.

NADA: used vehicle prices 32% HIGHER THAN 2008


Jonathan Banks, executive automotive analyst with the NADA Used Car Guide, highlighted several factors that will keep used-vehicle prices at historically high levels this year.