Used Cars Value Rising — Along With Gas Prices

By Gordy Leach, WCCO-TV

MINNEAPOLIS (WCCO) — As the price of gas rises, so does the demand for a fuel efficient vehicle.

During the U.S. recession, car makers scaled back production. Also, add in Japan’s reduced ability to produce new vehicles.

Now, so far this year, the value of used cars is up about 10 percent.

Check out the report above.

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