25 Jun '11, 11am

Used fuel-efficient compact cars increase 30 percent in value

Used fuel-efficient compact cars increase 30 percent in value

A year-old Prius can cost almost the same as a new Prius. Cross-posted from Climate Progress . So your home is worth half of what it used to be, the stock market makes you jittery, and gold is far too expensive to buy. Don't fret! There may still be something tangible in your life gaining value: your used, fuel-efficient car. Yes, experience says that an automobile is not an asset -- most start declining in value as soon they're driven off the lot. But with new demand for fuel-efficient automobiles, used "gas-sipping" cars are actually worth 30 percent more than they were six months ago, reports The New York Times : Used cars over all are retaining a higher percentage of their original value than ever before, according to auto analysts who track prices. Compact cars that are one to five years old are worth, on average, about 30 percent more on the wholesale market now than...

Full article: http://www.grist.org/green-cars/2011-06-25-used-fuel-effi...

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