Following a link from the Automotive Digest newsletter yesterday, I was led to this story from Auto Remarketing, a trade resource for folks in the used car business. It indicates a slight rise in prices paid at auction for pre-owned vehicles.
Implications: A while back, I offered a posting at this site about the possibility of rising vehicle prices, resulting from the “Cash for Clunkers” program (“When supplies are crushed,” 8/10/09). The idea was simply that by taking so many used cars “out of the market,” the program could affect the balance of supply and demand in the used vehicle market.
Something else that could affect prices, of course, is if demand is either going up, or is anticipated to be going up. With increasing signs that a recovery is underway, dealers might be preparing for more shoppers walking on to the lot or into the showroom.
Mike Anderson
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