The RVI Group out of Stamford, CT has a prediction: now is the time to buy a used luxury mid-size sedan like the BMW 3-Series, Lexus ES, or Audi A4. Prices will jump upwards through 2013 before declining slightly in 2014.
It's a drum I've been beating a lot this month, but December is a great time to buy any used car, but especially a luxury mid-size used car. According to RVI, luxury mid-size sedans have seen a slight downturn since October. RVI's Used Vehicle Price Index shows a small decrease from October (-0.6%) while Manheim (another group that tracks used car sales) shows a 2.2% decrease.
Prices are soft in this segment because supply has been increasing as vehicles come off lease. RVI said in its 3rd quarter report, "Our Used Vehicle Stock Index points to a 73% increase in used vehicle supply for 2009, but is expected to significantly decrease beginning in 2010. Our Competitive Index points to an increase from the current level suggesting that competition and incentive activity will continue to increase through 2012 decreasing thereafter. We estimate that values for Luxury Mid-Size Sedans will steadily climb through 2013."
Act now. Don't come complaining to me in 2010 that you should have bought that used BMW 328i or the 2007 Audi A4 (pictured above) when you had the chance.
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