Used cars are becoming more and more valuable.
Kelly Blue Book is predicting that new-car cars are becoming too much for the average person to afford, given the current economy. That means, more people are turning to used vehicles, and will be for the next several years.
The report says reductions since 2008, used car prices have raised the price of 1 to 3 year old cars by nearly $8,000.
Kelly Blue Book says it will take several years of strong new car sales to replenish the shortage of used cars, which is driving up prices.
What are you most likely to buy: used or new? Tell us below, and explain why.
