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Reply to "Will used car prices drop at dealerships?"
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[quote=Anonymous][quote=Anonymous]Manheim auction prices dropping like a stone. Rental outfits need to offload cars. Will be deals galore for used and new. Wait 45 days.[/quote] GM leasing and rental companies are going to take a bath, from articles I read. Big write downs in residual values. It will take a few months to shake out, but used car prices are expected to fall. Not 50% mind you. Its just a factor of when times are tough, it pull out all the "I wanna" car buyers and you're left with the "I need a" buyers. Like all else in this economy so much of it is non-essential.[/quote]
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