High Used-Car Prices Make It Ideal Time To Sell 5-18-2011 - WNEM TV 5

High Used-Car Prices Make It Ideal Time To Sell 5-18-2011

It's the best time in years to sell your car.
Used-car prices are at a 16-year high as people keep their vehicles for about a year longer than they did before the recession.
That has created a tight supply of used cars and trucks.
Dealers are paying an average of $11,600 for used vehicles, up 30 percent since December 2008.
Industry analysts say that may change soon. Leasing new cars is cheaper than buying used ones in some cases. That may start to lower used car prices next year.
Used-car prices will rise for around two more months and then level off. They may fall in 2012 and beyond as more used cars come on the market.
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