Car Prices Fall For 1st Time Since Recession

This year, used-car costs fell about 4 percent on average compared with 2015, and the trend could proceed for another year or two.

The firm’s Used Car Guide seems to be at the costs of pre-owned cars up to eight years outdated. This year, when it tracked the costs of 2008-16 mannequin year vehicles, it found that costs had fallen in 14 out of 16 classes in comparison with 2015, when the guide tracked the costs of 2007-15 model 12 months cars. Another shock came when Mr. McNabb, a firefighter from San Antonio, saw the sticker costs of recent cars. The Toyota 4Runner sport utility vehicle had caught his eye, however 2016 fashions were greater than $40,000 when loaded up with the heated seats, touch screen and other choices that he needed. That image could change if interest rates continue to rise. But it’s not a near-term issue. Analysts count …