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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.
Edmunds predicts drop in used car prices


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