The RVI Market Update, just released tonight (March 19), reports that "wholesale values increased by 3.0% (RVI Used Car Price Index) compared to January, and remain much higher than the depressed values of a year-ago (19.6% higher than February 2009 values)." It's as I've been saying recently: prices are starting to rebound and now is the time to buy a used car before prices go even higher.
Just think how much prices would have risen without a depressed Toyota market. Even with its troubles, Toyota is still leading in certified pre-owned sales (in spite of a drop) because all certified pre-owned programs dropped in February.
On the car side, the largest increases came from the small sedan (and it will get worse as gas prices continue to creep up) and the sporty coupe segments; and from the full-size SUV and full-size pickup segments on the truck side. The latter is going to drop, though, as gas prices get higher.
OOYYO's comment: If your out to buy a new car, this is the time before the prices soar.
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