Declining used car prices for 2013


POSTED: Tuesday, January 22, 2013 - 3:40pm

UPDATED: Wednesday, January 23, 2013 - 10:40am

Consumers may catch a break on used vehicle prices in 2013. It's all about supply and demand, experts say there will be an additional half million used vehicles on the market this year primarily, because of a big spike in lease expirations and terminations. That means the average price of a used vehicle in America, which was right at $16,000 last year, is expected to fall by a couple of hundred bucks.

It will probably cost you less to fill up that "new to you" vehicle, since national gas prices are expected to fall by about 20 cents per gallon over the course of the year. Economists also say we'll be able to save big bucks this year on vacation packages and big screen televisions. Reporting from Brownsville, Abigail Camilo, KVEO Newscenter 23.

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So, does this mean that consumers will be purchasing cars in the nest few months???

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