Tuesday, June 14, 2011

Used Car Prices At An All-Time High

Used car prices are at an all-time high, experts say, making this a great time to get rid of your extra or unneeded vehicles for the best possible price.

The rise in the used car market is a result of simple supply and demand. Drivers are using their cars for longer these days, many putting off buying a new car due to the economy, new car prices, and gas prices. Some people will hold onto their cars for 10 years before they decide to sell.

In addition to people holding onto their cars, new car sales are a bit slow and have been for the past few years and leasing is down. It all adds up to one thing: less used cars on the market.

This market won't last for long so now is the time to bring in that car of yours with a few miles on it and get a price that you may not get next year.