After months of rising prices, the cost of used cars in New Jersey started to go down during June, and analysts predict that will continue into July. The National Automobile Dealers Association (NADA) predicts used car prices to fall about 3 percent next month, making it good time to head to New Jersey State Auto Auction.

Prices are expected to be lower for all segments, but certain cars may see a steeper decline than others. Specifically, midsize and compact cars will likely drop by between 3.5 and 4.5 percent, while light trucks, pickups and SUVs may not see as big of a reduction. A lot of that can be directly traced to the gas pump.

"Falling gasoline prices will result in greater depreciation of compact and midsize cars, but will help moderate losses for light trucks, such as large pickups and SUVs," said senior analyst at NADA Jonathan Banks.

The findings build on already-encouraging figures for June. Used car prices for this month are about 1.6 percent lower than they were in May. Once again it was midsize and compact cars leading the way with around a 2.5 to 2.8 percent dip.

Even though used car prices are on the way down, that doesn't mean you still can't find the best deal possible. According to Consumer Reports, one of the best ways to do so is to research ahead of time so you come to the dealer equipped with the knowledge of how much your car of choice should cost.

Another good idea if you're in the market for an affordable vehicle is to head to New Jersey State Auto Auction. With a wide variety of makes and models, there is the right car for everyone, and it's at an affordable price.