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Blog Category: Used Auto Trade In

Where Are Used Car Prices Headed?

NADA

After a big run-up in used car prices earlier this year, particularly for compact cars, it appears the trend is reversing. Unless it’s not. Yes, it is complicated, and we’ll explain. NADA (National Automobile Dealers Association) has released their monthly Guidelines report, and if you are considering buying a used vehicle, or trading one in, there’s important information you should know.

Looking to Sell Your Used Car? Now’s the Time!

There are several different stress points involved in the new car buying process, but the hardest one to get a handle on is what to do with your current car. “I could trade it in, but I won’t get what it’s worth. And how do I even know what it’s worth? The dealers say they don’t use Blue Book prices,” or “I know I can get get more if I sell it privately, but who knows how long it will take?”

Well, the best time to minimize the angst might be right now.

Trade-in values on used cars, especially late model, fuel efficient vehicles, should peak in the next few weeks, according to the National Automotive Dealers Association (NADA) Used Car Guide.

TrueCar Adds Black Book Values to ClearBook.com Used Car Site

ClearBook partners with Black Book

The hardest part about trading in your pre-owned car, is knowing if you are getting a fair value for the car.  There are a number of resources, in print and online that can show you what the presumed value is and you can hope that you are making a good deal.

One of the best is Black Book.  No nonsense and completely independent, Black Book offers accurate and up to date pricing based not only on the condition of the car, but of other external markers that shape both the market and the industry.