Sell Your Car Now, Or Forever Keep The Piece …

Used car prices have been rising for a while to a degree that sometimes it can be cheaper to buy new than used. If you have been sitting on the fence, it could be time to hop on down. Used car prices are predicted to peak within the next two months. Already, deals on new cars are not as common as a few months ago when carmakers splurged with incentives. Now, the National Automobile Dealers Association (NADA) Used Car Guide predicts that trade-in values on used cars will go all acme on you within the next few weeks.  Said Jonathan Banks, executive automotive analyst at NADA: "The most advantageous time this year to trade in a used car will be April through May because values will be higher. Last year, used vehicle prices remained high through July because of a new-vehicle shortage stemming from the natural disasters in Japan, which led to a spike in demand for used vehicles. This year, used-vehicle prices will return to a more normal seasonal pattern." On the other hand, if you are not eager to sell, don't. Keep in mind that NADA is the club of automobile dealers, and they want you to buy new even more than sell used. Because of carmageddon, supply of clean cars under five years is low and will remain low for a while. Year Make/Model Apr Jan $ Increase  % Increase 2011 Kia Rio $9,100 $7,700 $1,400 15% 2009 Toyota Prius $15,675 $13,750 $1,925 12% 2009 Toyota Camry $12,900 $11,450 $1,450 11% 2007 Honda Civic $7,975 $7,100 $875 11% 2011 Mazda Mazda3 $12,100 $10,800 $1,300 11% 2009 Nissan Altima $12,675 $11,325 $1,350 11% 2010 Chevrolet Aveo $9,075 $8,125 $950 10% 2010 Ford Focus $11,225 $10,075 $1,150 10% 2010 Dodge Caliber $10,625 $9,600 $1,025 10% 2009 Chevrolet Cobalt $6,650 $5,975 $675 10% from The Truth About Cars http://www.thetruthaboutcars.com

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