Used Car Prices May Be Ready to Drop
The wholesale prices dealers pay for used cars fell in July, which is often a sign that retail prices will fall soon.
The wholesale prices dealers pay for used cars fell in July, which is often a sign that retail prices will fall soon.
Car dealers paid almost 5% more for used cars at auction last month than the month before, a sign of price hikes to come.
Used car prices have been rising gently in recent weeks. The average used car was listed for $25,415 in July…