Getty ImagesLike new cars and trucks, it’s a seller’s market right now for used vehicles, as well. In addition, government stimulus checks are also expected to lead to higher used-vehicle sales, Kontos said. The downside of high used-vehicle prices for consumers, of course, is that while you’re likely to get more for your trade-in, new- and used-car prices are also high. Specifically, Kontos reports that the average, wholesale used vehicle, cars and trucks combined, cost $13,240 in February, an increase of 16.8% vs. a year ago. The average, wholesale used-car value was $9,624 in February, up 15.1%, while the average truck was $15,644, up 15.6%.

Source: Forbes March 30, 2021 14:37 UTC