Almost nothing loses its value faster after being bought than a car, and 24/7 Wall St. has found the 10 worst performers from a resale standpoint. But the reason most people would expect a new vehicle to drop in value -- poor reliability -- is rarely why they actually depreciated so much.
Used vehicle prices are at 16-year highs, making it as good a time as there's been in a while to sell your car. Here are a few things to keep in mind if you're selling, as well as some savvy moves for landing your next vehicle in today's complicated car market.
Higher gas prices are beginning to bite in new and unusual ways. Not only are prices going up at the pump, but they are being propelled upward for smaller, fuel efficient vehicles on used car lots nationwide. Here's why.
Even as overall costs for consumer goods rose 0.1% in September, prices for used cars fell 0.7%. It was the first such drop since just before the federal government's "cash for clunkers" rebate program began in July 2009.
Kelley Blue Book Co., the venerable publisher of car-buying guides, is looking for a buyer itself, according to a report in the Financial Times. Within the past few weeks, the family-owned company has retained JP Morgan to handle the sale process, sources say.