Used Car Prices Increasing
EL PASO - Everyone knows that as a car ages, it gets loses value. But now, the value of some small used cars is actually going up.
Eddie Orozco of Thrifty Car Sales says "People are trading in cars right now and getting close to what they paid a year ago. As long as they have good miles and haven't damaged the car."
Rising gas prices and manufacturing problems in Japan are causing a scramble for small, fuel efficient cars. The increased demand has led to an increase in cost.
If you are looking to buy a small car, that may not be good news. However, it is something else to truck and larger car customers, like Irene Apodaca. She feels larger cars and trucks offer higher levels of safety, and that is very important especially when her children are driving them.