Wow, seems like we cannot get ahead. The avergae Joe who needs a break is unable to get one. Look what i just read.
The average value of a 1- to 3-year-old used vehicle has increased from $15,000 in 2008 to more than $23,000 in 2011, an annual average increase of nearly 16%, Kelley analysts said.
Why? No new car sales or leases, slumping sales new cars kills used car inventory. The result, higher demand, equates to higher prices.
Most of the dealers we have on our service have seen the same thing, and even a shortage of used cars. They have had to travel further then usual to the auction to pick up inventory.
What do you think?
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