10 used car clunkers to avoid
With the average new car selling for around $30,000, and even a moderately equipped compact model going for close to $20,000 these days, cash-strapped motorists have little choice but to purchase a used vehicle. Unfortunately, a relatively short supply of pre-owned models – precipitated by the 2007-2009 economic recession, when fewer new vehicles were purchased or leased – continues to keep used-car values at or near record-high levels according to the National Automobile Dealers Association (NADA) Used Car Guide.
