Cash for Clunkers' Impact on Used Car Values

There are many things driving used vehicle values. Due to depleted inventories, OEMs are offering incentives at both retail and wholesale at historical lows. I don't see a bursting balloon in pre-owned values given the lack of lease and rental returns we will see in the next few years. BUT if the OEMs over produce and feel they need to offer huge rebates and/or trunk money, it could put downward pressure on pre-owned prices.