Edmunds predicts drop in used car prices
Updated: Wednesday, January 23 2013, 08:27 PM EST
(NEWSCHANNEL 3) - If you're in the market to buy a car this year, you might want to consider buying used.
Edmunds.com predicts that used car prices will fall by several hundred dollars from last year's average sales price of $16,000.
Part of the decline will be due to a spike in lease terminations.
That's expected to add extra inventory to the used car market and push prices lower.