DETROIT (AP) -- It's the best time in years to sell your car. People are holding on to cars and trucks for about a year longer than they did before the recession, which has created a tight supply of used vehicles. So few are on the market that prices have risen to their highest in at least 16 years.
Dealers are paying an average of $11,660 for a used car or truck, up almost 30 percent since December 2008.
"You're not going to find a situation like this very often," says Jonathan Banks, executive auto analyst for the National Automobile Dealers Association used car pricing guide.
Basil Ford will pay you top dollar for your trade! Now is the best time to sell or trade your vehicle. The value of your vehicle is going down every day. Give us a call at (716) 362-2972 or fill out the form below and we'll be happy to perform a professional trade appraisal at a time that is convenient for you.
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This is the first time in all my years of driving that I actually like a car dealer!