Used car volume rose about 3.1 percent in the month of February,
which is huge considering that new car volume has been rapidly
declining for months – even with enticing incentives. In fact, new car sales declined by 41.4 percent in February alone compared with a year ago.

The economy has forced consumers to be more responsible when it comes to any purchase, including when buying a new car says Chicago Used Cars.
This mentality has slowly made used cars more appealing. The appeal is
not coming with a cost, as demand also fuels higher price tags.

There are numerous factors driving used cars prices. First, Detroit Used Cars
dealers  say a used car is believed to be more economical compared with
a new car purchase. Additionally, there have been fewer used cars
hitting the market since consumers are holding on to their cars longer
in order to save cash. Even rental car agencies, which have been
suffering from fewer travelers, are holding onto their cars. While
dealers are getting trade ins, dealers like one used cars Boston
dealer are also being forced to bid higher for cars at auctions due to
the demand and shortage of inventory. In addition, dealers want user
cars that they believe will sell. Unlike new car inventories, which
force dealers to carry even the slowest selling models, dealers can
pick and choose the used cars they want and still have healthy profit
margins according to one used car dealer Kansas City.