Edmunds says used car prices in Q2 up nearly eight percent

Used car prices are up nearly eight percent to hit a new record high, according to the Q2 2015 Used Vehicle Market released today by car shopping destination Edmunds.com. One reason for the record prices: used car inventories are getting younger, thanks to an influx of lease returns to the secondhand market. But just because newer used cars come at a heftier price point, it doesn’t mean that shoppers buying these vehicles are not locking in good values. Download the full report for free.