• Dec 7, 2011
You'll be better off bying a used car before 2012 arriv... You'll be better off bying a used car before 2012 arrives (Valerie Everett, Flickr).
Used car prices could go up 4 in 2012, which means buyers sitting on the fence may want to start shopping before prices escalate.

The price increase will come after several months of declining prices in 2011, according to a recent report from Kelley Blue Book.

Since peaking in June, used vehicle values have declined 10 overall.

"Considering the already significant declines in used-car values since June, Kelley Blue Book predicts that values will decline an additional 3 to 4 percent by the end of the year," said Alec Gutierrez, manager of vehicle valuation for Kelley Blue Book.

Used car prices usually drop at the end of the year, Gutierrez said, due to a drop in demand that lasts through the holiday season. This year should stick with that trend, he said.

The good times, however, won't last. KBB projects used car values bouncing back significantly in the first quarter of 2012.

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"Since 2009, used-vehicle registrations in the first quarter have increased by 15 on average from the preceding fourth quarter, and since we expect a similar increase in demand in 2012," said Gutierrez.

That's partially because of the financial crisis in 2008, when leasing all but disappeared. Cars that are returned at the end of a lease go into the used car market -- and because leasing declined in 2008, there are fewer cars coming into the used car market today.

Used car values historically rise in the first quarter of a given year, so it's going to be in the consumer's best interest to buy before 2012. You could save some significant coin.



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  • 159 Comments
      • 3 Years Ago
      Deals are always out there! You just have to be patient enough to look and find them!
      eviltom7
      • 3 Years Ago
      with more an more jobs being lost. an the army starting to come home little by little unemployment is going to jump up not down.... but gl on raising your prices.... however this article makes for a very good study got to love the internet ^^ $$$$$$ go top one % squeeze the little slaves ! : P
      Darryl Crawford
      • 3 Years Ago
      Whoever writes this crap has no experience in this forum. Please get another job like janitor at least you would be sweeping up the trash that you throw down! You act like the Economy is going to take a major upswing in one more month and used car prices are going to soar. Please! Please! Go back to college and major in something besides underwater basket weaving!!
      Susan
      • 3 Years Ago
      If used car prices "skyrocket" there will be no need to buy them used and people will buy a new one for the approximately the same price..For a thousand more, why buy someone else's problem when you can buy a new car with a warranty? Once those cars sit awhile in the lot, then the prices will become more realistic
      flagag
      • 3 Years Ago
      what about "cash for clunkers"?....how many potential used cars did that dud take off the market? which could explain why used car prices are a lot higher than they ought to be
      dodie1990
      • 3 Years Ago
      Used cars and trucks are high because of the price of new. Especially trucks. A new pick-up will cost 25,000 to 30,000 and that is not the "loaded' one everyone wants. for a real shock check the price on good 6 to 10 year old trucks and SUV's (the real ones, not mini-vans). Expect more as the cars get ever smaller and the same happens to the trucks. Example: the mini-van based perlamement for the Explorer or the replacement for the Trailblazer(also front drive mini-van based).
      • 3 Years Ago
      Kelly blue book and CARFAX are the biggest lies sold to the public. 1. I made a tidy living for a few years repairing cars for people that did not want to turn thier accidents into the insurance companies. I never ONCE informed CARFAX. 2. "Is this a non-smoker's vehicle? I could NEVER own a car that had been smoked in!" ......Sure lady. A trip to the junkyard for a new used ashtray, some febreeze and a new carpet, I can promise you this car's never been smoked in. At least not since I got rid of the evidence. and FINALLY KELLEY BLUE BOOK. So somehow, the ZIP CODE is going to determine how much the car is worth?!?!? How about it has been A) garage kept. B) Owned by a mechanic C) that the oil was changed every 2500 miles, and D) only dealer parts were used for repairs.E). I just put BRAND NEW tires and brakes and state inspection on it before I put it up for sale. (Kelley doesnt take most of the aforementioned into consideration)...... Yeah, sure its got 100,000 miles on it, is 10 years old, but I AM WITHIN MY RIGHT to ask whatever I want for it! KELLEY does NOT dictate the price of a good used car, the CAR and the SELLER does. Come on my property with a computer printout telling me that my MINT, safe, dependable and good-looking immaculately-maintained car is only worth 1200 dollars because KELLEY told you so, and I am likely to throw you off the lot. After I throw poo at you.
      • 3 Years Ago
      What a crock. This guy must be a used car salesman.
      Priscilla
      • 3 Years Ago
      my classmate's mother-in-law makes $68 every hour on the internet. She has been unemployed for 6 months but last month her paycheck was $7477 just working on the internet for a few hours. Read more here trunc.it/inw0y
      john
      • 3 Years Ago
      total aol b.s. - Used cars are in demand -period - as long as they are well kept and with in 5 -6 years old- AOL stands for ******** out loud!!!
      INSOMNIA
      • 3 Years Ago
      Keep your money and save it, Put it aside if you can and save for repair bills, it's a whole lot cheaper than facing payment new or used with an uncertain economy we will be facing for years to come
      dmarrs7077
      • 3 Years Ago
      daniel you sell used cars dont you
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