If you been shopping for used cars Portland Oregon, or maybe shopping for Tulsa used cars, you may have noticed the newest trend in the used car price wars. You may have had to squint really hard to see it, or been meticulously tracking the numbers like the good people at the Bureau of Labor Statistics to see it, but for the first time in months the average price of used cars has actually started to backslide according to the government run bureau.
That's right, used car prices may have actually peaked in August, and may now be starting the month long process of slowly deflating those over priced used car pricing into something more comfortable for many. At least that's the hope, while one month of downward used car prices may not quite be a trend; it at least breaks the months long trend of prices increasing every month on used cars for sale.
In fact given the current inflation of prices used car search engine prices, it could require as much as eight months of comparable price deflation before prices start to resemble last years numbers. With the holiday seasons and family budgets getting stretched to cover holiday spending, the decrease is welcomed but still too little and very much late.
The lack of any large new car incentives has also not given much life to used car inventory in Portland Oregon, or increased the number of Tulsa used cars. In fact the price of new cars has become stagnant, neither rising nor lowering over these last three months with little good news on the way. Toyota is even having further inventory woes as a result of massive flooding in Thailand further hampering inventory of the popular Japanese automaker.
The result of such production pains will continue to be felt on used car search engines as fewer used car turn ins result in further limited selection of used cars for sale. For now, local auto lots can enjoy their position in the catbird seat and let shoppers come to them. But if you have time before you have to make a move on your next used auto, this latest data is starting to suggest that used car prices may eventually start to once again work in your favor.