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Featured News

Black Book Partners with Marketers
Black Book recently announced a pair of partnerships.

One is a distribution agreement wit...

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Edmunds Spotlights CPO
Edmunds.com is partnering with several car brands to promote the benefits of certified pre-owned (CP...

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CFPB Seeks to Eliminate Mandatory Arbitration
The Consumer Financial Protection Bureau (CFPB) is seeking comments on proposed rules that would pro...

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Credit Acceptance Reports Higher Profit
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New Car Transaction Prices Increase
The estimated average transaction price for light vehicles in the U.S. was $33,865 in April, accordi...

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Black Book Partners with Marketers
Edmunds Spotlights CPO
CFPB Seeks to Eliminate Mandatory Arbitration
Credit Acceptance Reports Higher Profit
New Car Transaction Prices Increase

Used Car News | Home

Fuel-Sippers Face Fall

kelleyAlthough declines in fuel-sipping compacts are likely to occur slowly during the next few months, Kelley Blue Book expects steeper declines for the vehicles that appreciated most since the start of the year.

Of particular risk for correction are those vehicles that are currently selling at auction near manufacturer’s suggested retail price (MSRP).

The Toyota Prius
 is a prime example of a vehicle that is likely set for a correction. The 2010
 Prius increased more than $3,000 since January 1 and has a current auction value equal to 90 percent of its original MSRP.

Dealers will be hard pressed 
to convince consumers to pay $23,500 for a used 2010 Prius at current Kelley Blue Book Retail Value, especially since a brand new 2012 Prius can be had
 for $24,000, according to the current Kelley Blue Book Fair Purchase Price.

Other vehicles making the Kelley watch list are: Toyota Yaris; Chevrolet Cruze; Toyota Corolla; and Kia Soul.