Do you see the cars that are being cashed in! They are gas-guzzlers! Not in high demand much more. The people buying gas guzzlers nowadays are people who can afford them. More than likely those same people are going to buy new cars.
Used cars prices are increasing because demand for used cars (at lower prices than used) are attracting people over more expensive new cars!
Used cars prices are increasing because demand for used cars (at lower prices than used) are attracting people over more expensive new cars!