Used car prices falling
Posted at: 10/25/2012 1:33 PM
Car inventories are swelling and that has used car prices falling.
According to a new report by CNW Research, new-car dealers are asking an average price of $11,419 for their used cars this month. That's down 0.34-percent from September.
The reason? -- A rise in new car sales has left more inventory of used cars thanks to more trade-ins and more off-lease and off-commercial vehicles.