[nascarnation]

Predicting more economic trouble ahead.

[dfwgator]

Guess we’ll need another “Cash For Clunkers” to bring the prices back up again. /s

[cripplecreek]

Quick! We need another cash for clunkers program to send the prices through the roof again.

[Lysandru]

My 2009 Camry is going to be all mine in November. And I intend to ride it until the wheels fall off. There is no f-ing way that I want to buy a new or even slightly used car when I am supporting family members in Obama’s economy.

[the invisib1e hand]

didn’t know there was a party.

[Spktyr]

Good. This means the supply has finally caught up with the vast gaping hole left by C4C.

Also, the creeping gas prices and ongoing recession are driving prices for all but the smallest, most fuel efficient cars way, way down.

[kingu]

Used car prices are still inflated, and will continue to be inflated for a couple more years to come. That some index is finally dropping is just it measuring the increase in availability of used cars, now that the market is finally stabilizing after Obama’s Cash for Destroying Perfectly Good Cars program.

But hey! It's another sign of a bad economy... Only we've had a bad economy for all of Obama’s term, and it shows little sign of getting any better. QUICK: Let's keep federal spending at 25% of the GROSS NATIONAL PRODUCT!

Some days, I really wish there was an electro-shock on the voting button in Congress... Every time a congressman votes to spend us more in debt, they get a shock - the voltage set by the amount of dollars in debt the bill they are voting on sends us, in milivolts. Figure after the third ten billion dollar budget buster, they might even hesitate a moment or three before pressing the button for a trillion dollar debt package...

[Gabz]

But it is good news or people like me who desperately needs a “new” (to me) car.........

Finally had to get rid of my ‘97 Escort - it was starting to nickel and dime us to death.

[spodefly]

Had it not been for the “cash for clunkers” program, this index might mean something this time around, but I believe the prices are dropping below their 2 year avg. because supply and demand in the used car market is starting to recover after the government program wreaked its havoc.

[FReepaholic]

The Federal Government is like a bull in a china shop. While the "cash for clunkers" program may have helped new car dealers it almost killed used car dealerships.

I spoke with several used car dealers afterwards and they said they almost didn't survive that period.