Monday, July 19, 2010

High Times, Tight Supply For Used-Vehicle Market

CNBC reports:
Demand may be a major problem in many parts of the sluggish US economy, but not for the used car market. But that may not be an altogether good thing.

Prices for many vehicle types are showing double-digit gains over a year ago, even showing up in the latest CPI data. Meanwhile dealers are scrambling to find vehicles, especially the most popular SUVs and light trucks.