Prices for used cars are suddenly lower, down 11.8 percent in 11 months, CNBC reports:
It’s because more people are feeling financially confident and buying a new car. A new car purchase increases the supply of used cars, if the purchaser of a new car has a car to sell, at the same time that it decreases the demand for used cars. Used car prices are still above what you would expect if your last experience of car prices was before 2008.
