Automakers have been making a greater push to ensure their vehicles last longer. A result of this good quality has led to the prices of used cars to skyrocket, because many people chose to hold onto their vehicles longer. This trend caused a short supply in the used auto industry, adding to the value of previously owned models.

However, people who are in the market for a used car can rest a bit easier, as analysts are suggesting that prices are beginning to climb down. The Detroit Free Press reports that because there is a greater supplier of recently traded in vehicles, auto dealers have been able to slightly lower their prices.

The news provider reports that a recent analysis from Adesa Analytical Services shows that prices are down 2.1 percent from the previous year. Midsize SUVs saw the largest drop in price, according to the news provider, decreasing by 11.2 percent. This could be due in part to more people turning toward fuel efficient options.

Still, the source points out that the market is still far from being back at the prices they were before the recession.

Even if you're paying a higher price for a used car, Edmunds.com suggests you could still be saving money. For example, a used vehicle is cheaper to insure and may still be under warranty.

People who are in the market for a used car and are looking for affordable prices may want to consider checking out New Jersey State Auto Auction, which has a number of used cars of all different price points, so there is sure to be something for everyone.