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Used Car Prices Are Still On The Rise

Used car prices are at the price point of $28,000 or more which is still a lot for a used car and many people are still waiting for the prices to drop. We want to help you find a decently priced used car in your local area at a car lot near you and you can start the process online right now.

Used cars in short demand

Some people think that it’s an inventory problem which can be depending on the used cars you are after. But there are about two million used cars that are sitting on used dealer car lots in areas of Philadelphia, Phoenix, Toledo, Boise, and Indianapolis.

But it’s the price bump that comes around springtime that is coming out slower than expected. Plus people are slow to receive their tax returns. Most people are seeing five percent more than in previous years for their tax returns. This also means that people are going to local car lots near me with a lot more money later in the year over previous years.

Used car prices are expected to slow a bit

The prices of used cars are still going to slowly rise. Yes, used car prices are going to remain high for a while but at the rate, they rise should slow down a bit.

When looking you may want to widen your radius of used vehicles to such sedans, SUVs, and even trucks. We know the last thing you want to think about is $4.70 cent a gallon of gas but a pre-owned truck may be an option if you don’t drive a lot right now or ride-sharing in your city.

So if you’re looking for a used car between the price range of $15,000 and $30,000 you should have no problem. It’s the used cars under $12,000 that are remaining in small inventories. But we may use car dealers in our network to help with used cars with little money down in Chicago, New York, Baltimore, and Seattle.