A lack of used cars has led to dealers willing to pay very high prices for models, making it one of the best time in years to sell a car.
The Associated Press reports that more drivers held onto their cars during the recession, meaning that the normal cycle of buying a new car and then selling it to a used dealer was considerably disrupted. Used car dealers are now beginning to feel the effects, and are thus paying higher prices simply to fill up their lots.
According to data from the National Automobile Dealers Association (NADA), dealers are paying an average of $11,660 for cars. That represents a near 30 percent increase since December 2008.
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