The supply of used cars is back on the rise thanks to, you guessed it, more new cars being sold.
The National Automobile Dealers Association (NADA) predicts prices on one-t0-three year old cars to fall 1.5 percent this year compared to 2012, as the grip of the recession loosens and more consumers return to new-car showrooms.
NADA cites a 9.1 percent increase of new "light vehicle" sales in quarter three of 2013 from quarter three of last year as well as an influx of 2011 cars coming off-lease as major boosts to the near-future used car supply. If you didn't sleep through economics, you too would interpret that as an impending decrease in price.
Photo: Manheim Auto Auctions