Canada Car Loans

Auction Prices Rise As Used Car Supply Goes Down

While the number of used cars available has gone down, auction
prices have been going up. Lat month, both nominal used car prices –
which don’t take MSRP inflation into account – and real used car prices –
which do – were up. The nominal prices were up about 0.5 percent, and
the real prices were up 1 percent from April to May.

The supply isn’t expected to increase soon. The volume is continuing to
fall, a total of 4.1 percent since 2012. The prices were lower briefly
early in the year, but once the spring buying season was over, that
changed.

Though expected lower gas prices will help their forecast, it is
presumed that the Canadian used-car market will be in a downturn.

Read the full article here:
http://www.autoremarketing.com/wholesale/increasingly-tight-used-supply-continues-ramp-auction-prices