Used Car Prices Soar

Friday, June 10, 2011

Cars waiting for a buyer in Weston, FL. (emilio labrador/flickr)

It used to be that you'd buy a used car to save money. But now, prices for used cars are soaring to unprecedented heights, causing some buyers to wonder if it isn't savvier to just buy new.  

What's driving up the price of used cars? Paul Eisenstein, publisher of The Detroit Bureau, has the answers. 

Guests:

Paul Eisenstein

Produced by:

Erica Getto

Comments [1]

D.L.Mc from Staten Island

Odd that cash for clunkers is not mentioned. When the government pays merchants to destroy their product rather than sell it-who would expect the price of that product to go up.

Jun. 10 2011 07:57 AM

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