Now may be a great time to buy a used car, but the good deals aren't likely to last through the summer. Here's why.
Similarly, auto research website iseecars.com reports used cars took longer to sell in March, leading dealers to cut prices on them.
In Detroit, the number of used cars that sold within 30 days on dealer lots fell from 54.1% in February to 44.5% in March, a decrease of 9.6 percentage points, according to, which studied 1.8 million used vehicles listed for sale from Feb. 1 to March 18. The national average decreased 9.8%. Among the 20 largest U.S. metro areas, New York City fared worst: after 49.9% of used cars sold within 30 days in February, just 33.3% found customers that quickly in March.
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