Edmunds.com Expects 2% Drop in Prices During 2014

Eportlandhomes - February 12, 2014

Edmunds.com just released its 4th quar­ter 2013 Used Car Mar­ket Report and found that used car prices fell year-over-year and could fall anoth­er 2% dur­ing 2014. That will be com­ing from a glut of used vehi­cles enter­ing the mar­ket pri­mar­i­ly from lease returns. The trend will cause a rip­pling effect influ­enc­ing shop­pers of both new and used cars. Along with used car val­ues declin­ing, Edmunds expects to see a rise in month­ly pay­ments of new car leas­es.

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