Car shopping and research website CarGurus.com has compiled a list of the best places in America to shop for your next used car. The US center of the automotive industry – Detroit – only places sixth in the top.
“The fact that people are more price conscious will tend to drive prices down, health ” says Dave Galvin, director of data analytics for the research website.
Overall, the executive noted that while some areas that were hard hit by the economic crisis would see prices going down faster, in general the rural areas were less favorable to used car shoppers, as the urban regions usually had more dealers and a bigger car supply base.
Alec Gutierrez, senior analyst for Kelley Blue Book, added that in 2014 used car prices were 3% higher than last year, owing it to strong retails of truck vehicles. On average, the midsize used car price was $13,500, rising from $12,800 in 2013, while the average used truck price was $20,300, as opposed to $19,100 last year. Still, the prices are expected to go down in 2015 and 2016 as new leases are finished and the vehicles are sold as used cars.