The Canadian Press - ONLINE EDITION

NADA: Used-car prices for newer models likely to drop this year; 5 to 8 year old cars stable

  • Print

NEW ORLEANS - Boosted by rising employment, home values and housing construction, Americans will buy 16.4 million new cars and light trucks this year.

That's the prediction from the National Automobile Dealers Association, which is meeting in New Orleans.

Economist Steve Szakaly (ZAK-uh-lee), says the 5.8 expected increase will mark the sixth year of recovery from the financial crash and automotive bankruptcies.

Jonathan Banks, analyst for the group's Used Car Guide, says those years of new-car buying and leasing will push prices down for recent-model used cars and trucks, averaging 2.5 per cent less than last year's prices. He says 5- to 8-year-old vehicles remain scarce because few people bought cars during the recession. Those prices are likely to be flat.

He says used-car prices are likely to be slightly lower than last year's.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

Photo Store Gallery

  • RUTH BONNEVILLE / WINNIPEG FREE PRESS June 23, 2011 Local - A Monarch butterfly is perched on a flower  in the newly opened Butterfly Garden in Assiniboine Park Thursday morning.
  • Young goslings are growing up quickly near Cresent Lake in Portage La Prairie, Manitoba- See Bryksa 30 Day goose project- Day 11- May 15, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you agree with the suspensions levied against three bantam hockey players for abusing game officials?

View Results

View Related Story

Ads by Google