Used Car Prices Hit Record Highs
Savvy car shoppers with a well maintained car to trade in have a great opportunity to take advantage of what industry analysts are saying is a record peak in used-car prices. Resale and trade-in values for late-model vehicles in good condition have been rising all year long as demand for fuel efficient cars has outstripped the supply.
The National Automobile Dealers Association raised values again on many small and medium size cars in the latest Used Car Guide. The guide is used widely by dealers when deciding what to offer for cars for trade-ins.
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