Prices for used cars has been very strong over the past three years, however, they seem to be moderating currently.
In the past it almost made more sense buying new as the price of comparable used vehicles was not far off brand new. The pendulum appears to be swinging towards used car buyers now.
Also, manufacturers have been much more aggressive special financing offers and rebates on new vehicles. Zero percent financing on a new vehicle is very attractive to car shoppers compared to four percent for a used car.
Supply of pre-owned vehicles is increasing and with that pricing pressure is easing on used cars.
With that the used car market is slowly moving in the customers favor. Keep your expectations reasonable; as you won’t see huge drops in used car prices, however, you will have more pricing power on the used car lot going forward.