Used car prices continue to fall, but not as quickly

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Used car prices fell incrementally from August to September, but the overall decline in prices is slowing.

A report from financial intelligence firm Moody’s Analytics found prices declined 0.5 per cent from August to September, and are now 10.9 per cent lower than a year ago.

Utes and SUVs had a more significant decline from August to September, down 3.3 per cent compared to 0.4 per cent for cars. Compared with a year ago, ute/SUV prices are down 15.7 per cent, while cars are…

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