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(EMAILWIRE.COM, February 06, 2012 ) Used vehicle prices just keep on rising. Though there are a number of reasons for this continued demand and increasing prices, two stand out. First of all, the economy remains in the doldrums leading many a car buyer to look to the used-vehicle market instead of the new. Secondly, the federal cash-for-clunkers program of 2008 removed a large number of used vehicles from the marketplace.
In fact, industry observers believe that, despite the high prices, now is not the time for used car owners to sell their worn steads. These observers say that the used car supply will fall seven additional per cent in 2012, resulting in used cars increasing in value even further.
The National Auto Dealers Association says that in the past year, the average trade-in value of a 2008 vehicle has jumped by eight per cent. Because of this, many say that the time has come not to sell your used vehicle, but rather to hold on to it, or, perhaps better yet, trade it in on the purchase of a new car.
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Source: EmailWire.com
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