Used Car Prices Drop

Now that gas prices have eased a bit, demand for fuel-efficient used cars has slipped. By NADA estimates, the biggest loser is the Toyota Prius. The 2011 model's value is expected to average $20,325 in June -- down $900 from May's high of $21,225.

Other cars losing value include the 2009 Toyota Camry (-$675), the 2009 Honda Civic (-$600), and the 2010 Hyundai Elantra (-$500). 

If you're shopping for one of those vehicles, of course, that's great news, but if you own one of them, don't fret: your investment is still way up for the year.

If you own that 2011 Prius, for example, the value of your car shot up $2,350 between January and May. So, even if you were to sell it in June for $900 less than you could've in May, you'd still come out $1,450 ahead.

And NADA says that demand for used cars will remain strong -- and it will do so despite lower gas prices, and despite the fact that we're done with the busy spring shopping season. On average, cars will fall about  2% in the near future, with truck values dipping 1%.

Source: http://www.csmonitor.com/Business/In-Gear/2012/0531/Used-car-prices-Some-models-could-plummet-900-in-June