Released: October 09, 2011

Finally! Used-car prices are falling

Source: Chris Woodyard, USA TODAY

After rising much of last year, used car prices are finally sliding. Manheim, a big used-car wholesaler, says not only are prices starting to fall, but they will continue to fall. Still, says Manheim economist Tom Webb, they remain high by historical standards, Automotive News reports. Reason: In this tough economy, many buyers just can't afford new cars.

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