New and Used Price Gap Continues to Shrink Especially with 1-Year-Old Units

Used Cars

Used Car News - February 15, 2013

The gap between new and used car prices con­tin­ues to shrink. Kel­ley Blue Book Fair Pur­chase Price data shows shop­pers can pur­chase a new com­pact car for $339 per month with a five-year loan, which is only $30 per month more expen­sive than a com­pa­ra­ble one-year-old used ver­sion. The dif­fer­ence in price between new vehi­cles and one-year-old units is shrink­ing, which may cause con­sumers to opt for new in some seg­ments.



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